Are you looking for a lucrative investment opportunity in Alabama? Look no further than this remarkable investment property for sale! This property is currently rented and will start generating income for you from day one. With a long-term tenant who wishes to remain, you can rest assured that your investment will continue to yield profits for the foreseeable future.
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Situated in a desirable location, this home is currently rented for $750 per month. The tenant has been occupying the property since before 2015, demonstrating their commitment to the space. What makes this property even more appealing is that it is classified as a section 8 property. This means that the government provides rental assistance to the tenant, ensuring consistent and reliable rental income for you as the owner.
Furthermore, the rental rate for this property is slightly below the market average, offering you an opportunity to request a rent increase. By bringing the rental price closer to the market value, you can maximize your return on investment and enhance the profitability of this property.
This investment property boasts a full three bedrooms, providing ample space for tenants. Additionally, there is an extra room that could be classified as a bedroom, bonus room, or home office, adding versatility and potential for even higher rental income. Whether your tenant needs an extra space for a growing family or a dedicated home office, this property can cater to their needs.
If you’re looking to expand your investment portfolio, this property could also be sold as part of a group of similar properties. By acquiring multiple properties, you can leverage economies of scale and benefit from the collective rental income generated by the entire portfolio.
As with any investment, it is essential to verify all details. While the measurements provided are approximate and not guaranteed, you have the opportunity to conduct your due diligence as the buyer. Ensuring accurate measurements will enable you to make informed decisions and assess the property’s value accurately.
In conclusion, this Alabama investment property for sale presents an exceptional opportunity for investors seeking a steady stream of income. With its long-term tenant, potential for rent increase, and additional room for flexibility, this property offers both stability and potential for growth. Whether you choose to invest in this property individually or as part of a larger portfolio, one thing is certain – it has the potential to be a profitable addition to your investment portfolio. Don’t miss out on this chance to secure your financial future with this remarkable investment property in Alabama.
1200 Seneca Street, Mobile, AL 36605