Investment Properties on Forrest Ave in Brewton

Multi-Family for Sale
Catylist Listing ID: 30347975
Number of Units: 3 Units
Building Size (RSF): 2,620 SF
Sale Price: $78,000
Unit Price: $26,000 Per Unit
Property Use Type: Investment
Building Name: Forrest Avenue Properties
Usable Size (USF): 2,620 SF
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 4/25/2019

Overview / Comments

This is for 3 separate rental properties in same proximity in Brewton, AL.

Property 1256 Forrest Ave: 854 Sq ft. 2 bedrooms/ 1 Bath cottage great for new home buyers. Home could use some TLC and updates. This home has a small side porch area to enjoy the wonderful Alabama fresh air and watch the children play. 128x100x129

Property 1300 Forrest Ave: 912 Sq ft. 2 bedroom/1 bath cottage previously been used for rental. Seller is retiring. Situated on as corner lot on Forrest Avenue and Ashton. Single Carport, interior recently painted. Great investment potential!

Property 1302 Forrest Ave: 854 sq ft. 2 bedroom 1 bath cottage has great potential! The wood walls set the design of the interior of the home. There is a front porch to set and enjoy the fresh air. Home could use some TLC and updates. Great potential for investment. (These two two lots are combined and will have to have a survey if purchased separately..(172x193x220)

Parcel # 30 15 08 34 3 002 016.000 and 30 22 02 03 2 002 003.000
Property 1254 and 1302 are on the same parcel...would have to be divided, should one of those property sell..but can be sold together should you buy both.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $717 (Annual)
Potential Rental Income $16,200 (Annual)
Gross Operating Income $15,483 (Annual)
Net Operating Income $13,078 (Annual)
Finance Data Year 2017
Real Estate Taxes - Annual($) $717 (Annual)
Potential Rental Income $16,200 (Annual)
Gross Operating Income $15,483 (Annual)
Net Operating Income $13,078 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Atmore
County: Escambia
Taxing Authority: Escambia CO AL
Tax ID/APN: 30 15 08 34 3 002 016.000 and 30 22 02 03 2 002 003.000,
Zoning: RESIDENTIAL
Percent Occupied: 50%
Property Located Between: Forrest Ave and Ashton Street
Highway Access: Hwy 29/Forrest Ave
Airports: Pensacola International Airport/Brewton Airport
Area Description: Close proximity to schools, restaurants and shopping.
Total Number of Buildings: 3
Property Condition: Fair
Number of Stories: 1
Year Built: 1925
Roof Type: Arched
Construction/Siding: Wood Frame
Exterior Description: Frame
Parking Type: Surface
Parking Description: Parking is available in the front of each individual property.
Total Parking Spaces: 6
Sprinklers: None
Heat Type: Electricity
Heat Source: Other
Air Conditioning: Window Unit
Internet Access: Cable, Satellite
Zoning Description: City Limits
Lot Frontage: 59 feet
Lot Depth: 145 feet
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines
Land Ownership: Fee Simple
Legal Description: In file.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 816 3,445 9,815
Median Age: 36.85 36.3 40.15
Households: 317 1,349 3,958

Contact

Photograph of Listing Agent

Patty Helton-Davis

PHD Real Estate LLC Gulf Coast CMLS Member
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