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156-A Dudley Lane Owens Cross Roads, AL 35763 156 Dudley Ln 5 Unit Apartment Building $817,911 CAD ($163,582 CAD/Unit) 7.50% Cap Rate Owens Cross Roads, AL 35763
INVESTMENT HIGHLIGHTS
- Fully occupied multi-family property with five units
- Diverse unit mix with in-unit laundry and appliances
- Located near Huntsville’s growing economic and employment hubs
- Large 2.4-acre lot offering expansion potential
- Tenants responsible for utilities, reducing owner expenses
EXECUTIVE SUMMARY
Discover a rare investment opportunity with this fully occupied multi-family property located at 156-A Dudley Lane in Owens Cross Roads, Alabama. Situated on a generous 2.4-acre parcel, this asset features five income-producing units: two freestanding residences and a triplex, offering a diverse unit mix of one- and two-bedroom layouts. Each of the triplex units is thoughtfully equipped with essential appliances, including washer and dryer setups, ensuring convenience for tenants and reducing turnover risk.
The property’s expansive lot provides ample space for future development or additional structures, making it an attractive option for investors seeking long-term growth. With central heating and cooling, public water and sewer, and off-street parking complemented by shared driveways and gravel access, this investment combines functionality with tenant appeal. Strategically positioned near Huntsville’s thriving economic corridor, Owens Cross Roads offers proximity to major employment hubs, retail centers, and recreational amenities. The area’s steady population growth and strong rental demand underscore the stability of this investment. Current occupancy is 100%, and tenants are responsible for utilities, streamlining operational expenses for ownership. Older leases included utilities in rental price, but recent agreements reflect modern billing practices, further optimizing cash flow.
Priced at $595,000, this property presents an exceptional opportunity to acquire a stabilized asset with upside potential. Showings are available with acceptable offers only, preserving tenant privacy and operational continuity.
Trash pick up is once per month at $148/month.
Water and sewer is billed monthly at approximately $178 in owner cost.
Electricity is approximately $300 in monthly owner expenses.
Insurance is currently $3070 annually.
Annual taxes are currently $2033.
The property’s expansive lot provides ample space for future development or additional structures, making it an attractive option for investors seeking long-term growth. With central heating and cooling, public water and sewer, and off-street parking complemented by shared driveways and gravel access, this investment combines functionality with tenant appeal. Strategically positioned near Huntsville’s thriving economic corridor, Owens Cross Roads offers proximity to major employment hubs, retail centers, and recreational amenities. The area’s steady population growth and strong rental demand underscore the stability of this investment. Current occupancy is 100%, and tenants are responsible for utilities, streamlining operational expenses for ownership. Older leases included utilities in rental price, but recent agreements reflect modern billing practices, further optimizing cash flow.
Priced at $595,000, this property presents an exceptional opportunity to acquire a stabilized asset with upside potential. Showings are available with acceptable offers only, preserving tenant privacy and operational continuity.
Trash pick up is once per month at $148/month.
Water and sewer is billed monthly at approximately $178 in owner cost.
Electricity is approximately $300 in monthly owner expenses.
Insurance is currently $3070 annually.
Annual taxes are currently $2033.
FINANCIAL SUMMARY (ACTUAL - 2026) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$85,098
|
$37.59
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$85,098
|
$37.59
|
| Taxes |
$2,809
|
$1.24
|
| Operating Expenses |
$10,378
|
$4.58
|
| Total Expenses |
$13,187
|
$5.82
|
| Net Operating Income |
$71,911
|
$31.76
|
FINANCIAL SUMMARY (ACTUAL - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $85,098 |
| Annual Per SF | $37.59 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $85,098 |
| Annual Per SF | $37.59 |
| Taxes (CAD) | |
|---|---|
| Annual | $2,809 |
| Annual Per SF | $1.24 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $10,378 |
| Annual Per SF | $4.58 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $13,187 |
| Annual Per SF | $5.82 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $71,911 |
| Annual Per SF | $31.76 |
PROPERTY FACTS
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Wi-Fi
- Yard
- Deck
- Freezer
- Lawn
- Linen Closet
- Pantry
- Porch
- Smoke Free
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- Pond
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | $1,787 CAD | 852 |
| 2+1 | 1 | $1,203 CAD | 710 |
| 1+1 | 1 | $1,375 CAD | 624 |
| 2+1 | 1 | $1,203 CAD | 675 |
| 2+1 | 1 | $1,489 CAD | 691 |
PROPERTY TAXES
| Parcel Number | 22-04-20-0-000-067.000 | Total Assessment | $69,246 CAD (2025) |
| Land Assessment | $8,276 CAD (2025) | Annual Taxes | $2,809 CAD ($0.78 CAD/SF) |
| Improvements Assessment | $60,969 CAD (2025) | Tax Year | 2026 Payable 2033 |
PROPERTY TAXES
Parcel Number
22-04-20-0-000-067.000
Land Assessment
$8,276 CAD (2025)
Improvements Assessment
$60,969 CAD (2025)
Total Assessment
$69,246 CAD (2025)
Annual Taxes
$2,809 CAD ($0.78 CAD/SF)
Tax Year
2026 Payable 2033
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156-A Dudley Lane Owens Cross Roads, AL 35763 | 156 Dudley Ln
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