3 S CANNON AVE, Sylacauga, AL 35150 | MLS 876979 | Listing Information
Contingent
$95,000

3 S CANNON AVE
Sylacauga, AL 35150

Duplex, Multi-Family
Residence
N/A
Acre Lot
1of
Photos
Map
Courtesy: Alabama Classic Realty
***A rare find for this multi-family investment property in sylacauga***Brick...low maintenance***A great benefit to owing multi family properties is the benefit of not having 2 insurance policies and 2 property tax liabilities on each unit which increases the cash flow.*** Fully leased thru 2021, this property brings in $15000 per year at $625 per side, which is around 16% gross ROI and around 14% net ROI after tax and insurance expenses.***Additionally, unlike single family rentals, multi family properties are rarely empty on both sides which eases the worry of vacancy rate losses.***Conveniently located to hospital, medical, pharmacy, dental, shopping, library and schools.***Well maintained with updates and ''leased" make this property very appealing in that there isn't a lot of work to do before the property starts earning money. ***Start realizing a return on the investment immediately as both units are occupied and tenants have been with the owner for approx 2.5 years each!
876979
Duplex, Multi-Family, Other
Talladega
1960
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Courtesy: Alabama Classic Realty
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