Cozy Apartment complex

Multi-Family for Sale
Catylist Listing ID: 30741046
Property Subtypes: Duplex/Fourplex
Number of Units: 5 Units
Building Size (RSF): 5,000 SF
Gross Building Area: See Agent
Sale Price: $425,000
Unit Price: $85,000 Per Unit
Property Use Type: Investment
Building Name: Pines Apartments
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 10/8/2021

Overview / Comments

THE PINE APARTMENTS ARE LOCATED IN A PRIVATE, QUAINT SETTING YET VERY CONVENIENTLY CLOSE TO SCHOOLS , SHOPPING, GOLF COURSE, PARKS AND WALKING TRAILS. BEAUTIFULLY LANDSCAPE SITE WITH WOODED BOARDERS SO YOU CAN STILL ENJOY THE PEACE AND AND SERENITY OF BIRDS AND WILDLIFE. The main buildings has three 2 BR 1 Bath units fully occupied with another unit still to be renovated. There is a separate building with efficiency unit. All apartments have open living room/kitchens, full spacious bath and utility rooms and central heat/cooling units.

Additional Details

Nearest MSA: Mobile
County: Mobile
Taxing Authority: City of Citronelle, Mobile County
Tax ID/APN: R020407363000072.
Zoning: B-2
Percent Occupied: 100%
Property Located Between: On Third Street (Highway 45) south of State Street
Highway Access: Third Street (Highway 45)
Airports: Mobile
Area Description: Citronelle is located approximately 30 miles north of Mobile on US Hwy 45 with intersecting roads with Celeste Road to Saraland area, Prine/Lott to west Mobile area, Beverly Jeffries to Mississippi and Coy Smith to Hwy 43 with access to industrial plants along the Tom Bigbee River.
Total Number of Buildings: 3
Property Condition: Good
Year Built: 2006
Year Renovated: 2015
Roof Type: Gable
Construction/Siding: Wood Frame
Parking Type: Surface
Total Parking Spaces: 7
Laundry: In Each Unit
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Zoning Description: B-2
Lot Frontage: 220
Lot Depth: 630
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Utilities, Other
Land Ownership: Fee simple
Legal Description: LOT 8 BLK 11 ON U S HWY 45 TOWN OF CITRONELLE AS REC IN DBK 79 P 1 BEING 220 FT WIDE & 660 FT DEPTH #SEC 36 T2N R3W #MP04 07 36 3 000

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 547 4,996 4,996
Median Age: 40.28 36.8 36.8
Households: 233 1,820 1,820


Photograph of Listing Agent

Amy Merritt

Citronelle Realty, Inc. Gulf Coast CMLS Member
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