47-67 Groner St Daleville, AL 36322
Property details
About 47-67 Groner St
Unleash the untapped potential of this 6-unit Multi-Family gem, delivering an impressive 7% cap rate that promises a rewarding return on investment. The current net operating income (NOI) of $28,121 merely scratches the surface, as tenants currently enjoy below-market rents for these generously sized 2-bedroom, 1-bath units. Envision the financial transformation when rental rates are adjusted to a modest market rate of $850 per unit, propelling the projected NOI to a remarkable $52,057. Elevate your investment portfolio with a property that has undergone recent upgrades, including a brand-new roof, fresh siding, updated windows, and modernized A/C units installed within the last few years. These enhancements not only enhance the property's curb appeal but also signify a commitment to quality and long-term sustainability, ensuring a sound investment for discerning buyers seeking both immediate returns and future appreciation.
Highlights
Summary
- MLS Number: 202045
- MLS Name: Dothan
- Office Name: Keller Williams Southeast Alabama
- Office Phone: (334) 702-3595
- Listing Agent: Michael Prange
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Last updated on: 3/15/2025, 8:15:59 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$365,000
47-67 Groner St
$4,334
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
9
Rucker Boulevard Elementary School
Public District KG-6
3.2 mi
•209 Regency Dr
5
Harrand Creek Elementary School
Public District KG-6
3.4 mi
•216 Morgan Ln
3
A M Windham Elementary School
Public District PK-4
3.4 mi
•626 N Daleville Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $44,244. The most common annual income of people living in Daleville, AL is less than $<35k. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.
This home is located at 47-67 Groner St in Daleville, AL and zip code 36322. This 4,680 square foot home, which was built in 1979, sits on a 2.08 acre lot. Features: 12 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since January 4, 2025 and is currently priced at $365,000.