16 Units Multifamily in Atmore, Al

Multi-Family for Sale
Catylist Listing ID: 30648170
Property Subtypes: Low-Rise/Garden
Number of Units: 16 Units
Building Size (RSF): 16,000 SF
Sale Price: $780,000
Unit Price: $48,750 Per Unit
Property Use Type: Investment
Building Name: Wilson Ave Apartments
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/8/2020

Overview / Comments

These two pristine Apartment Buildings are for sale in the town of Atmore, about 1 hour from the Metropolitan City of Mobile, AL.

Located one mile from exit 54 on I65, these two properties are also very close to the Wind Creek Casino and Resort. The Casino employs a large number of Atmore's residents as well as three local prisons.

Built-in 2009, both properties regularly stay at 100% occupancy.

Each apartment unit could be considered a luxury apartment. The Two Bedroom/One Bath layout has close to 1,000 square feet of in an open floor plan, washer/dryer hookups, and plenty of closet space. Each unit also has a large back deck that is popular with the residents.

This is a perfect opportunity for someone to invest in two great properties no less than, 10 minutes from each other, in a town where the demand for Rental Property is high and consistent.

Additional Details

Nearest MSA: Atmore
County: Escambia
Tax ID/APN: 2604194012005000
Percent Occupied: 100%
Highway Access: One mile from I-65 at exit 54.
Area Description: These two pristine Apartment Buildings are for sale in the town of Atmore, about 1 hour from the Metropolitan City of Mobile, AL. Located one mile from exit 54 on I65, these two properties are also very close to the Wind Creek Casino and Resort. The Casino employs a large number of Atmore's residents as well as three local prisons. Built in 2009, both properties regularly stay at 100% occupancy. Each apartment unit could be considered a luxury apartment. The Two Bedroom/One Bath layout has close to 1,000 square feet of in an open floor plan, washer/dryer hookups, and plenty of closet space. Each unit also has a large back deck that is popular with the residents. This is perfect opportunity for someone to invest in two great properties no less than, 10 minutes from each other, in a town where the demand for Rental Property is high and consistent.
Total Number of Buildings: 4
Property Condition: Good
Number of Stories: 2
Year Built: 2009
Roof Type: Hip
Parking Description: Onsite Parking
Laundry: In Each Unit
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Package Unit
Interior Description: Extra large 2 BR/ 1 Bath apartments at 1,000 sf.
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,677 7,118 12,224
Median Age: 34.97 36.8 37.99
Households: 1,103 2,921 4,883

Contact

Photograph of Listing Agent

Gayle Kahn Belcher

SVN/Kahn Properties BCX Member
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