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3 Luker Circle 3 Luker Cir 18 Unit Apartment Building $645,389 CAD ($35,855 CAD/Unit) 17.41% Cap Rate Selma, AL 36701
Investment Highlights
- High quality construction
- Tenants pay all utilities
- Separate electric, water and trash meters,
Executive Summary
INSANE OPPORTUNTIY!!!
Don't miss this unbeatable investment. 15 homes and a triplex on 9 acres, total of 18 units. Solid brick high quality construction, beautiful terrazzo floor on every house! Separate electric, water and trash meters, tenants pay all utilities. Central heat and air. City water and sewer. PROPERTY WILL GENERATE A 17%+ NET RETURN ON INVESTMENT!!! OVER $100K IN VALUE ADD!!! Do not miss out on this opportunity!!!
Property management and financing is available.
Don't miss this unbeatable investment. 15 homes and a triplex on 9 acres, total of 18 units. Solid brick high quality construction, beautiful terrazzo floor on every house! Separate electric, water and trash meters, tenants pay all utilities. Central heat and air. City water and sewer. PROPERTY WILL GENERATE A 17%+ NET RETURN ON INVESTMENT!!! OVER $100K IN VALUE ADD!!! Do not miss out on this opportunity!!!
Property management and financing is available.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$185,096
|
$7.30
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$185,096
|
$7.30
|
| Taxes |
$6,251
|
$0.25
|
| Operating Expenses |
$54,635
|
$2.15
|
| Total Expenses |
$60,886
|
$2.40
|
| Net Operating Income |
$124,210
|
$4.90
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $185,096 |
| Annual Per SF | $7.30 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $185,096 |
| Annual Per SF | $7.30 |
| Taxes (CAD) | |
|---|---|
| Annual | $6,251 |
| Annual Per SF | $0.25 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $54,635 |
| Annual Per SF | $2.15 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $60,886 |
| Annual Per SF | $2.40 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $124,210 |
| Annual Per SF | $4.90 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 11 | $883.35 CAD | - |
| 3+1 | 4 | $815.40 CAD | - |
| 3+1.5 | 1 | $815.40 CAD | - |
| 4+1 | 1 | $883.35 CAD | - |
| 2+1 | 1 | $747.45 CAD | - |
1 1
Property Taxes
| Parcel Number | 15-04-17-0-003-003.0000 | Total Assessment | $183,873 CAD (2024) |
| Land Assessment | $0 CAD (2024) | Annual Taxes | $6,251 CAD ($0.25 CAD/SF) |
| Improvements Assessment | $0 CAD (2024) | Tax Year | 2026 |
Property Taxes
Parcel Number
15-04-17-0-003-003.0000
Land Assessment
$0 CAD (2024)
Improvements Assessment
$0 CAD (2024)
Total Assessment
$183,873 CAD (2024)
Annual Taxes
$6,251 CAD ($0.25 CAD/SF)
Tax Year
2026
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3 Luker Circle | 3 Luker Cir
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