Multi Family Opportunity

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30872144
Property Subtypes: Duplex/Fourplex
Status: Pending
Number of Units: 4 Units
Building Size (RSF): 3,960 SF
Gross Land Area: 0.32 Acres
Sale Price: $425,000
Unit Price: $106,250 Per Unit
Property Use Type: Net Leased Investment (NNN)
Usable Size (USF): 3,200 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 5/13/2024

Overview / Comments

Great opportunity! This quadplex has R-4 Zoning and each unit is approximately 900 square feet and 2 BR 2 BA. Three out of the four units are currently rented: Unit 1106 for $1,350/month, Unit 1107 for $1,100/month, and Unit 2107 for $1,200/month. The vacant unit has some roof leaks and the carpet has been recently removed. The property is to be sold AS IS WHERE IS.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Tax ID/APN: 38222
Zoning: R4
Percent Occupied: 75%
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Year Built: 1979
Parking Type: Surface
Laundry: In Each Unit
Zoning Description: R4
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,987 18,361 31,237
Median Age: 37.73 40.47 41.02
Households: 1,760 7,777 12,519


Photograph of Listing Agent

Manning Courtney

Courtney & Morris Real Estate, Inc. Gulf Coast CMLS Member
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