Off-Market • Cash Buyers Only

OFF-MARKETTriplex on 2 Acres
Investor Opportunity

Gutted to Studs & Ready for Full Build-Out
5 Min to Fort Novosel  |  15 Miles to Dothan, AL

$228,000
ARV: High $300s – Mid $400s
Est. Furnished Mid-Term Rental Income: $3,900 – $4,500/mo (3 units)
☎ Schedule Private Showing
Triplex
Configuration
2,240
Sq Ft
2
Acres
1965
Year Built
Block
Construction
Slab
Foundation
The Opportunity

Deal at a Glance

Price
$228,000
After Repair Value
High $300s – Mid $400s
Structure
2,240 SqFt Triplex
Est. Rental Income
$3,900 – $4,500/mo
Why This Deal Works

The Investment Thesis

A 2,240 sq ft concrete block triplex on 2 acres, gutted to the studs and ready for a complete investor build-out. Five minutes from Fort Novosel and Cairns Army Airfield, 15 miles from one of Dothan's major hospitals, and 15 miles from all the dining, shopping, and services of Dothan, AL. The framing is in place for a triplex floor plan. Two contiguous parcels with paved road frontage on three sides — and enough land for additional structures (subject to county compliance). For the investor looking to add multiple doors under one roof with professionalized operations, this property delivers the land, the structure, and the location to make it work.

DetailInfo
Investment Price$228,000
Total Acreage2 acres (two contiguous parcels: 1.7 ac + 0.3 ac)
Structure2,240 sq ft — Triplex (framing in place)
ConstructionConcrete block / Slab foundation
Year Built1965
Current ConditionGutted to studs — ready for full build-out
WaterCity water
SepticOld system removed; property re-graded; buyer installs new
Electric ProviderPea River Electric
Flood ZoneNOT in FEMA Flood Zone
Road FrontagePaved road frontage on 3 sides

Note: Buyer should conduct their own inspection, obtain contractor bids, and verify all information with local authorities. Septic installation and renovation costs are buyer's responsibility.

Location Is the Play

Military & Medical Corridor
Situated minutes from Fort Novosel/Cairns Army Airfield and 15 miles from one of Dothan's major hospitals — two of the strongest drivers of moderate-term rental demand in Southeast Alabama. Military personnel, travel nurses, and medical professionals need quality housing close to where they work.
5
Minutes to Fort Novosel & Cairns Army Airfield
Constant rotation of military personnel needing moderate-term housing.
15
Miles to Major Hospital
Travel nurses and medical professionals are a steady, reliable renter pool year-round.
15
Miles to Dothan, AL
Full-service city with dining, shopping, medical, and entertainment.
11
Miles to Enterprise, AL
Additional nearby town with services, dining, and community resources.
2
Acres — 3-Sided Road Frontage
Two contiguous parcels with paved road frontage on three sides. Room to expand with additional structures (subject to county compliance).
Quintessential Small-Town America
Peaceful, quaint Southern town. Across the street from a community ballpark. A charming rural setting with town conveniences within an easy drive.
What You're Getting

Key Property Features

A concrete block triplex gutted to the studs with framing in place, sitting on 2 acres of land with paved road frontage on three sides. Older septic and drain field have been removed and the entire parcel re-graded. This is a blank canvas for the right investor.

Concrete Block
Solid construction built to last. Slab foundation.
Triplex Framing
Three-unit floor plan framing in place.
Re-Graded Site
Older septic and drain field removed. Entire parcel re-graded.
City Water
City water available. Pea River Electric available.
3-Sided Road Frontage
Paved road frontage on three sides. Easy access.
Expansion Potential
2 acres with room for additional structures (subject to county compliance).
Exit Strategies

Three Ways to Win

02

Long-Term Rentals

Renovate all three units and rent at market rate. Proximity to Fort Novosel and Dothan ensures a deep and reliable tenant pool. Multiple doors under one roof with professionalized operations.

Steady Cash Flow — 3 Tenants, 1 Property
03

Renovate & Sell

Complete the build-out and sell the finished triplex to a buy-and-hold investor seeking turnkey rental income near a military installation.

ARV: High $300s – Mid $400s

See the Opportunity

Photos show current condition. Property is gutted to studs — a clean slate for your vision.

Strategic Location

Situated in the heart of the Fort Novosel & Dothan corridor — minutes from military installations, medical facilities, and full-service city amenities.

Property Proximity Map showing distance to Fort Novosel, Enterprise, and Dothan

Ready to Move on This Deal?

CASH buyers only. Proof of funds required prior to showing.

Property available for Investor preview by appointment.

This property is NOT listed on the MLS. Direct from owner/agent — no middleman.

334-790-3964
AllisonCumbieRealtor@gmail.com
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Allison Cumbie  |  Licensed Real Estate Agent — States of Florida & Alabama  |  334-790-3964