15 E 1st Street, Luverne, AL 36049

Local realty services provided by:ERA Enterprise Realty Associates
15 E 1st Street,Luverne, AL 36049
$248,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: cliff glansen
Office: flatfee.com
MLS#:581539
Source:AL_MLSM

Price summary

  • Price:$248,000

About this home

Live almost FREE here or EZ reno and make money! Upstairs 3/2 with lower 2/2 already set up to rent and offset your mortgage; Reno lower level into 2 units for a possible 3-unit set-up! Investor info: about 9% cap as-is, with value-add near 12%! 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.

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Home facts

  • Year built:1936
  • Listing ID #:581539
  • Added:3 day(s) ago
  • Updated:November 15, 2025 at 04:35 PM

Heating and cooling

  • Cooling:Central Air, Gas
  • Heating:Central, Gas

Structure and exterior

  • Year built:1936

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$248,000
  • Tax amount:$906

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