8 Unit Apartment Complex -Andalusia, AL

Multi-Family for Sale
Catylist Listing ID: 30503884
Property Subtypes: Low-Rise/Garden
Number of Units: 8 Units
Building Size (RSF): 3,200 SF
Gross Building Area: See Agent
Sale Price: $479,900
Unit Price: $59,987.50 Per Unit
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 11/14/2019

Overview / Comments

8 Plex Building in Andalusia, AL on Dunson Street, near the downtown area. Rents haven't been increased in years and probably could be increased day 1 of your investment cycle. 4 2 Bed 1 bath units 4 1 bed 1 bath units, new roof in 2018 and good investment and easy deal in heart of south Alabama community that needs a new investor. Property sits across from the City Library and the Sheriffs Office so it's obviously a low crime area. CAM, TAXES AND INS, are available on Request, after you register your qualified Buyer with Agent. Contact Stephen Saunders for CA for your clients signature. 9% CAP on -GOI Great Return for small low maintenance low management units in an area with very little available apartments.

Additional Details

Nearest MSA: Dothan
County: Covington

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,768 8,637 12,004
Median Age: 38.42 39.29 40.29
Households: 730 3,476 4,887


Photograph of Listing Agent

Stephen Saunders

Beck Partners CRE, LLC Gulf Coast CMLS Member
Photograph of Listing Agent

Calvin Bell

Beck Partners CRE, LLC Gulf Coast CMLS Member
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