614 N Lena St

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614 N Lena St

Dothan, AL 36303
Asking Price
$425K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily residential building featuring a total of 6 units.
  • Located at 614 N Lena St in Dothan, Alabama.
  • Asset is currently offered for sale at $425,000.
  • The purchase price reflects a value of $70,833 per unit.
  • Dothan provides a stable economic foundation for local real estate investments.

What's Special

This multifamily apartment building comprises 6 units and sits at 614 N Lena St in Dothan, Alabama. The property serves as a stable residential asset within a region known for its steady growth and role as a regional commercial hub in the Wiregrass area. Dothan maintains a resilient economy driven by a mix of agriculture, manufacturing, and healthcare sectors, providing a consistent pool of potential tenants for apartment investors. Given the asset configuration, this property is well-suited for a hands-on investor looking to manage a mid-sized rental portfolio in a market that balances suburban accessibility with proximity to major employment centers. The layout offers functional residential space suitable for long-term lease structures within this established neighborhood. Owners and investors can leverage the existing density to optimize operational efficiencies while contributing to the local housing supply in a growing Southern market.

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NOI
$80,000
Cap Rate
18.82%
DSCR
3.17
Strong
Cash-on-Cash
42.96%
Monthly Payment
$2,102.668
Annual Cash Flow
$54,767.983

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