5-Plex For Sale Elberta, AL

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30151080
Property Subtypes: Low-Rise/Garden
Status: Pending/Contingent
Number of Units: 5 Units
Building Size (RSF): 4,310 SF
Gross Building Area: See Agent
Gross Land Area: 0.70 Acres
Sale Price: $425,000
Unit Price: $85,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 8.5%
Average Occupancy Rate: 100
Last Updated: 9/5/2017

Overview / Comments

5-Plex For Sale in Elberta, AL. The building was constructed in 2015 with vinyl siding exterior and metal roof. Each unit offers 2 Bedrooms and 1 Bathroom. Each unit also offers its own laundry hook ups, stained concrete floors, and nice finishes. The property is 100% leased with minimal expenses to manage the property. The property is 2 lots with one building of 3 units and one building with 2 units. Additional room for expansion behind the buildings.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Tax ID/APN: 106300 / 352439
Percent Occupied: 100%
Site Description: Located one block south of Highway 98 in the heart of Elberta. Property is approximately 10 minutes east of Foley.
Total Number of Buildings: 2
Property Condition: Excellent
Number of Stories: 1
Year Built: 2015
Roof Type: Other
Construction/Siding: Vinyl Siding
Parking Type: Surface
Laundry: In Each Unit

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,171 8,874 13,379
Median Age: 40.79 41.87 43.57
Households: 858 3,567 5,496

Contact

Photograph of Listing Agent

Grant Reaves

Bellator Commercial Gulf Coast CMLS Member
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