251 1ST Street NE, Lafayette, AL 36862
NONE · Chambers County
Key Facts
Description
Perfect for investors! Priced to sell and full of potential, this unique property package sits on over 2 acres and includes multiple income-producing units. The single-family home features 3 bedrooms and 1 bathroom. Next door, you’ll find even more investment potential with a duplex offering two units, each with 2 bedrooms and 1 bathroom. At the rear of the property, conveniently located just off the 4-lane road, are two garage apartments — the upper unit features 1 bedroom and 1 bathroom, while the lower unit offers 3 bedrooms and 1 bathroom. In total, this property includes 5 units, 11 bedrooms, and 5 bathrooms, plus additional land between the structures, providing even more value and future development potential. This is an excellent income-producing opportunity with room to grow. Property is being sold as-is.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1960
Stories
1
Living Area
2,800 sq ft
Lot Size
2.06 acres
Days on Market
22
MLS® Listing#
179580
Property Features
Cooling
Heating
Parking
Construction
Utilities
Schools
- Elementary:
- EAST SIDE ELEMENTARY
- Middle:
- EAST SIDE ELEMENTARY
Financial Details
HOA
None
Parcel Number
121201123001047
Directions
Take U.S. Highway 431 North toward LaFayette and continue for approximately 14 miles. Turn left onto AL-50 West (also known as 9th Avenue SW or Veterans Memorial Parkway) and follow it for about 8.1 miles. Then, turn right onto 1st Street NE and continue for approximately 0.2 miles. The property at 251 1st Street NE will be on your left.
Affordability Calculator
$29,800
Estimated monthly payment
$793/mo
Principal $119,200 · Est. interest $166,295 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Lafayette, AL
- $220,000
- Median Listing Price
- 117
- Median Days on Market
- 1,516
- Median Sq Ft
- $140
- Median Price / Sq Ft
- 13
- Active Listings
- This home’s price is 32% below the area median.
- Its price per sq ft is 62% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Lafayette, AL.
Location
Points of Interest in Lafayette, AL
Showing the Lafayette area map.
Nearby Schools
Lafayette High School
Secondary · 0.4 mi away
Eastside Elementary School
Elementary · 0.6 mi away
Lafayette Bulldog Stadium
School · 0.8 mi away
John P. Powell Middle School
Elementary · 1.2 mi away
Chambers County School District
School · 1.5 mi away
Chambers Academy
School · 2.2 mi away
Five Points Elementary School
Elementary · 8.4 mi away
Huguley Elementary School
Elementary · 11.1 mi away
Springwood School
School · 11.2 mi away
Lanett Junior High School
Secondary · 12.1 mi away
Lanett Central Elementary School
Elementary · 12.1 mi away
Lanett City Schools
School · 12.3 mi away
Christian Cornerstone School
School · 13.2 mi away
Valley Haven School
School · 13.4 mi away
Acts Academy
School · 13.4 mi away
WF Burns Middle School
Secondary · 13.6 mi away
West Point Elementary School
Elementary · 13.8 mi away
Valley High School
Secondary · 14.5 mi away
Temple Christian School
School · 14.6 mi away
Fairfax Elementary School
Elementary · 14.6 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 251 1ST Street NE, Lafayette, AL | $149,000 | 3 | 1 | 2,800 |
| 21171 US Hwy 431, Lafayette, AL | $189,000 | 2 | — | 1,516 |
| 21171 HIGHWAY 0431, LAFAYETTE, AL | $189,000 | 2 | — | 1,516 |
| 21171 US Highway 431, Lafayette, AL | $189,000 | 2 | 1 | 1,516 |
Moving Cost Estimate
EXIT Agents in Lafayette
Listing Courtesy: FIRST REALTY SALES - 3347044442
Presented by: JESSICA STROUD