Apartment Land For Sale
Vacant Land
for Sale
| Catylist Listing ID: |
30565871 |
| Property Subtypes: |
Multi-Family
|
| Gross Land Area: |
12.50 Acres
|
| Sale Price: |
$1,037,500 |
| Unit Price: |
$83,000 Per Acre |
| Sale Terms: |
Other |
| Cap Rate: |
Undisclosed |
| Last Updated: |
8/20/2024 |
Overview / Comments
New Price on Multi-family land located on busy Demetropolis Rd. just south of Cottage Hill rd. Surrounded by single family subdivisions in one of the fastest growing areas of Mobile. R3 Zoning allows for appr. 12 units/ac.
Good location and demographics for high rents.
This property includes 3 parcels: Key #s: 3131408, 1511689, and 3131391.
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Additional Details
| Nearest MSA: |
Mobile |
| County: |
Mobile |
| Taxing Authority: |
Mobile |
| Tax ID/APN: |
R023302031001052.003. |
| Zoning: |
R3 |
| Property Located Between: |
Cottage Hill Rd. and Brookfield Dr. N |
| Property Visibility: |
Excellent |
| Legal Description: |
BEGG AT PT 418 FT W OF SE COR OF NE 1/4 OF SEC 3 T5S R2W TH RUN W 889.3 FT TH N 986 FT(S) TH E 275 FT(S) TH S 785 FT(S) TH RUN E 512 FT (S) TH RUN SELY 175 FT(S) TH S 75 FT(S) TO POB #SEC 03 T5S R2W #MP33 02 03 1 001 |
| Largest Nearby Street: |
Cottage Hill Rd. |
| Feet of Frontage: |
1,200 |
| Highway Access: |
Cottage Hill Rd. to S on Demetropolis. |
| Airports: |
mobile |
| Site Description: |
R3 Zoning |
| Area Description: |
High residential area in one of the fastest growing areas of Mobile. |
| Lot Frontage: |
1200 |
| Lot Depth: |
951 IRR |
| Zoning Description: |
R3 Zoning allowing for appr. 12 Units/acre. Building site coverage of 45% with 45' height restriction. 8000sf building site area with 1500sf additional per unit.
https://library.municode.com/al/mobile/codes/code_of_ordinances?nodeId=CICO_CH64ZO_S64-3DI
|
| Topography: |
Gently Sloping |
| Soil Type: |
Other |
| Available Utilities: |
Electric, Water, Gas, Sewer |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
8,084 |
73,335 |
173,202 |
| Median Age: |
45.14 |
37.57 |
36.62 |
| Households: |
3,396 |
31,862 |
70,756 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Gulf Coast CMLS nor
Moody's assume any liability for errors or omissions.
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