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E118/512 Lake Forest Boulevard

Daphne AL 36526

2
2
873 sq. ft.
Single-Family
Currently for sale - view listing

Overview

INVESTOR OPPORTUNITY! Seven units are available for purchase together or separately, offering flexibility for investors looking to add to their portfolio or acquire a cash-flowing package. The seller would prefer a portfolio sale but will consider individual offers. The four occupied units are offered together for $572,000, with $63,700 in gross annual income, $41,392 NOI, and a 7.24% pro forma cap rate. These figures are based on historical performance and are provided for informational purposes only; future income, expenses, and returns are not guaranteed and may change. For reference, the individual MLS numbers for the four occupied units are: 395674, 395671, 395670, 395666. Seller will pay off the temporary HOA special assessment at closing. The remaining three units are vacant and move-in ready, with a $5,000 seller concession available toward closing costs or a 2-1 rate buydown. For reference, the individual MLS numbers for the three vacant units are: 395673, 395672, 395668. The seller is ready to make a deal! Call today for details, financials, or package options. Buyer to verify all information during due diligence.

Features

2 bedrooms
2 bathrooms
873 sq. ft. floor area
Single-Family

Happy sellers in Daphne

88%
88% of sellers in Daphne reported that their sale price either exceeded or met their price expectations.

Daphne stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 11 reviews in Daphne over the last 12 months.

Local market activity for 2 bedroom single-family properties in Daphne

In the last 12 months, 26 two-bedroom single-family properties similar to E118/512 Lake Forest Boulevard, have been sold.

This represents a 14% increase in two-bedroom single-family properties sales when compared to the previous 12 months.

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