This is both a residential and a commercial opportunity. The owners live in one of the five homes on the property and rent out the other four. All properties are currently occupied, and the current tenants plan to renew their leases.
The cap rate on this property at its current price of $695,000 would be about 6.5%, if all 5 residences were rented. This is a new sales price.
The farm has a nice pond. Excellent access is available to the farm and to the five residences. A nice, fresh-air rural location in Valley Grande, Alabama adds to the experience of living here.
For the investor, especially a local investor who can't find another opportunity like this in the area.
Call/text/email Bucky to further discuss this uniquely beautiful investment property.
Take Alabama 22 north from Selma to Valle Grande Junction at County Road 221. Take a right (east) on County Road 221 to County Road 63. The property lies south and west of the intersection.