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One thing that investors know all too well is that high-cash-flow properties often come at a high price. This makes affordable income-generating real estate an extremely rare deal, which is why I know you’ll be interested in this six-single-family-home investment portfolio in Mobile City, Alabama. The best thing is you can get all six for the price of one. Here’s what you need to know:
The entire portfolio, which consists of six single-family homes, is priced at just $645,000. These homes are located in quiet, residential neighborhoods on the western side of Mobile, close to downtown and major highways like I-10. The area also boasts good public and private schools.
For context, in some parts of the country, you’d pay $1 million for a single home. Here, you’re getting six homes for significantly less, with an approximate 10% cap rate, making it a prime opportunity for real estate investors. The best part is all units generate $6,400 in rental income every month! To see a breakdown of the rental income, click this link.
Since all homes are rented, I can’t show the interiors right now, but I’d be happy to arrange virtual tours or live stream walkthroughs so you can get a feel for the area and the exterior of the homes. So, if you’re interested in viewing the properties in person, please note that proof of funds or a letter of intent will likely be required.
On the other hand, if this portfolio isn’t what you’re looking for, I also have other investment opportunities in the area, including condos near the beach, RV parks, mobile home parks, and self-storage units. Just call 251-210-2913 or email mdavis@valpointerealestate.com. I look forward to hearing from you!
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