INVESTMENT OPPORTUNITY,,,,,,,,A great rental investment, 3 houses on one lot grossing $2750 pm = $33,000 PA. The Lot is approx. .74 of an acre with natural shade from mature live Oaks throughout the property. Each house has 2 bedrooms, 1 bathroom, living room, kitchen and utility sheds plumbed for washer and dryers. House C is the original house on the lot circa 1985 768 sq ft on septic, $925 a month, House B moved onto the property 1985 838 sq ft 925 a month on septic & house B built 2004 approx. 800 sq ft on sewer $900 per month. All have city water, central heat and air and separate meters. Each house has privacy fence and there is plenty of parking. The houses have been renovated over the past couple of years and rent very easily. Great for investment or live in one and the rent from the other 2 pay all your costs. All are rented on 12 month leases rarely ever vacant as there is such a high demand for long term rentals.
Listing courtesy of RE/MAX of Gulf Shores.
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