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.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Extreme Sports
Figure Skating
NASCAR
Where do the neighbors shop?
Academy Sports & Outdoors
Kmart
Dollar General
Where do the neighbors go to eat?
Little Caesars
Bob Evans
Cracker Barrel
What do the neighbors drive?
Chevrolet
Buick
Ram
What do the neighbors listen to?
Country
Oldies- Classic Country
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.