156 Dudley Ln - Apartments FOR SALE


Owens Cross Roads, AL 35763
$595,000 USD
256-384-4808
156 Dudley Ln, Owens Cross Roads, AL for Sale
$595,000 USD
Apartments - FOR SALE
1/44
null | 7.5% Cap Rate

156 Dudley Ln
Owens Cross Roads, AL 35763


HIGHLIGHTS

  • Fully occupied multi-family property with five units
  • Large 2.4-acre lot offering expansion potential
  • Diverse unit mix with in-unit laundry and appliances
  • Tenants responsible for utilities, reducing owner expenses
  • Located near Huntsville’s growing economic and employment hubs

OVERVIEW

Discover a rare investment opportunity with this fully occupied multi-family property located at 156-A Dudley Lane in Owens Cross Roads, Alabama. Situated on a generous 2.4-acre parcel, this asset features five income-producing units: two freestanding residences and a triplex, offering a diverse unit mix of one- and two-bedroom layouts. Each of the triplex units is thoughtfully equipped with essential appliances, including washer and dryer setups, ensuring convenience for tenants and reducing turnover risk. The property’s expansive lot provides ample space for future development or additional structures, making it an attractive option for investors seeking long-term growth. With central heating and cooling, public water and sewer, and off-street parking complemented by shared driveways and gravel access, this investment combines functionality with tenant appeal. Strategically positioned near Huntsville’s thriving economic corridor, Owens Cross Roads offers proximity to major employment hubs, retail centers, and recreational amenities. The area’s steady population growth and strong rental demand underscore the stability of this investment. Current occupancy is 100%, and tenants are responsible for utilities, streamlining operational expenses for ownership. Older leases included utilities in rental price, but recent agreements reflect modern billing practices, further optimizing cash flow. Priced at $595,000, this property presents an exceptional opportunity to acquire a stabilized asset with upside potential. Showings are available with acceptable offers only, preserving tenant privacy and operational continuity. Trash pick up is once per month at $148/month. Water and sewer is billed monthly at approximately $178 in owner cost. Electricity is approximately $300 in monthly owner expenses. Insurance is currently $3070 annually. Annual taxes are currently $2033.

FOR SALE DETAILS

PRICE

$595,000 USD

PRICE/SF

$263 USD /SF

# OF UNITS

5

PRICE/UNIT

$119,000

CAP RATE

7.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

156-A Dudley Lane Owens Cross Roads, AL 35763

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

PARKING SPACES

8

LAND DETAILS

LAND ACRES

2.4 AC

LAND SF

104,657 SF

ZONING

-

APN/PARCEL ID

22-04-20-0-000-067.000

ASK ABOUT THIS PROPERTY

Lindsey ParkerEndeavour RealtyMore Info
256-384-4808

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Lindsey ParkerEndeavour RealtyMore Info
256-384-4808

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.