725 40th Pl, Fairfield, AL 35064

Tenant Occupied Confirmed Section 8 Triplex!

Photo Dec 19 2024, 1 27 01 PM

• All 3 units are occupied

• Roof is shingle less than 5 years old

•HVAC units less than 5

• All plumbing and electrical works and is good shape in all 3 units, I don’t have an exact age for those. 

•Thermostats look good, electrical panels look good.

• Current leases are month to month, but it is understood that may be subject to change at the new owner's preference.

• Utilities paid by tenants, separate electrical boxes, and water meters for each unit. 

• Each tenant has their own garage parking in the back of the building

• One street over has 4-5 active renovation section 8 projects actively working. 

• exterior cracks are cosmetic as the structure is cinder block and there is a thick layer of cement on top of it. 

• There was a leak in the roof once, but it was patched. 

• One of the units can be converted from a 2 bed 1 bath to a 3 bed 1 bath the others will have to remain 2 bed 1 bath. 

Asking: $150k

Ivan Vera
Author: Ivan Vera

• AL REALTOR ® LAH | Sotheby’s International Realty • Disposition Specialist For 3F Homes

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