2 Luker Circle, Selma, AL 36701

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 … read more …