2 Luker Circle, Selma, AL 36701 (MLS # 572648)

Price $475,000
Status Active
Beds 2
Baths 1 Bath
Home size n/a
Lot Size 12.05 ac
Days on Market 3
Attention Investors! This is a most unique property offering consisting of 15 single family brick homes, plus 1 triplex, all sitting on 11.05 acres. There is also 1 acre with road frontage on Highway 80 East that is vacant but is connected and included with the package. The homes are all brick and range in size from 990 SF to 1884 SF. They have been investment property for many years and some tenants have resided there for 20+ years. Since January, 2023, there have been some electrical and plumbing upgrades, 1 new roof, roof repairs, and replacement of some exterior wood. Owner has been making repairs as tenants report them, but there are also plans to make repairs to one house at a time to totally rehab each one. The houses will be sold as a package deal and will not be sold separately or in a small package. Properties are priced far below tax assessment values, but pricing consideration has been given for work needed. Rental records, income statements and repair records are available from the property management company to interested and qualified buyers.
Property Type(s): Single Family
Last Updated 3/24/2025 Tract Ada
Year Built 1965 Community South of Alabama River
County Dallas

SCHOOLS

Elementary School Bruce K Craig Elementary School
Jr. High School Tipton Durant Middle School
High School Southside High School

Additional Details

AIR Central Air, Electric, Window Unit(s)
AIR CONDITIONING Yes
APPLIANCES Electric Water Heater
AREA South of Alabama River
CONSTRUCTION Brick
HEAT Central, Electric, Natural Gas, Wall Furnace
LOT 12.05 acre(s)
LOT DIMENSIONS irregular
PARKING Attached Carport
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 1
STYLE OneStory
SUBDIVISION Ada
UTILITIES Electricity Available, Natural Gas Available
WATER Public

Location

 

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Listed with Cornerstone Realty LLC.
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