5591-5593 Surrey Lane

Property Details

Turnkey duplex with built-in rent growth in a sought-after location. Two spacious 3 bedroom, 2.5 bath units, both occupied by long-term tenants on month-to-month terms at $1,500/month each ($3,000/month gross). Rents increase to $1,700 per unit in 2027, bringing gross rent to $3,400/month. Each side has a functional two-story layout with generous living space. The month-to-month terms give a new owner flexibility: keep the established income in place, or plan for future owner occupancy or multigenerational living. Zoned for Oak Mountain schools with Shelby County property taxes. Located just off Cahaba Valley Road/Hwy 119, with quick access to Hwy 280, shopping, dining, and the greater Birmingham area. Income-producing from day one, with the next rent increase already ahead!

Features

• Type: Duplex
• Acreage: 0.68
• Interior Features: SeparateFormalDiningRoom
• Cooling: CentralAir, TwoUnits
• Heating: MultipleHeatingUnits, NaturalGas
• Year Built: 1979
• Appliances: GasWaterHeater
• Construction: BrickVeneer,Stone,VinylSiding
• Fireplace:  LivingRoom, WoodBurning
• Laundry: LaundryCloset
• Levels: Two
• Style: Duplex
• Roof: Composition, Shingle
• Waterfront:  Yes