RateMyAgentGo to search
Back 15 East 1st Street
Active

15 East 1st Street

Luverne AL 36049

2
Other
Currently for sale - view listing

Overview

Live almost free by renting part of the home, or renovate to create additional income. The upper level offers a spacious 3-bedroom, 2-bath unit, and the lower level features a 2-bedroom, 2-bath layout already set up to help offset your payment. With renovation, the lower level may be reconfigured into two units for a possible three-unit property. Strong opportunity for both homeowners and investors, with approximately a 9% cap rate as-is and value-add potential near 12%. Act quickly — opportunities like this do not last. This is an equitable interest listing where seller is selling only an option contract or assigning an interest in a contract, such as a purchase and sale agreement or a contract for deed. In this situation, the seller does not have legal title to the property, but the equitable interest gives seller the right to acquire legal title.

Features

2 carspaces
2 carport spaces
Other

Happy sellers in Luverne

~%

We have insufficient information to provide an overview of customer satisfaction for Luverne. Viewing the agent profiles, reviews and sales for Luverne can provide insights for this location.

Local market activity for other properties in Luverne

RateMyAgent
Sales:
(619) 566-0008
Quick Links
© 2026 RateMyAgent
Privacy PolicyTerms & ConditionsLicensingSitemap