15 E 1st Street, Luverne, AL 36049

Live almost free by renting part of the home, or renovate to create additional income. The upper level offers a spacious 3-bedroom, 2-bath unit, and the lower level features a 2-bedroom, 2-bath layout already set up to help offset your payment. With renovation, the lower level may be reconfigured into two units for a possible three-unit property. Strong opportunity for both homeowners and investors, with approximately a 9% cap rate as-is and value-add potential near 12%. Act quickly — opportunities like this do not last. This is an equitable interest listing where seller is selling only an option contract or assigning an interest in a contract, such as a purchase and sale agreement or a contract for deed. In this situation, the seller does not have legal title to the property, but the equitable interest gives seller the right to acquire legal title.