Greeno Rd. Investment Property

Multi-Family for Sale
Catylist Listing ID: 30409776
Property Subtypes: Duplex/Fourplex, Mixed Use, Mobile Home Park
Number of Units: 4 Units
Building Size (RSF): 4,500 SF
Gross Land Area: 1.24 Acres
Sale Price: $325,000
Unit Price: $81,250 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 5/20/2019

Overview / Comments

Investment Property on Greeno Rd. has commercial potential. Currently zoned residential. Property consist of appx. 1.24 acres with a house, additional cottage and two mobile homes. 2-3 storage sheds on site. Location on Greeno Rd gives it commercial potential but would need to be rezoned. Current income is $36,000.00 per year. Current NOI is $29,000.00. HVAC has been replaced in three of the structures.

Attachments & Media

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $2,100 (Annual)
Potential Rental Income $36,000 (Annual)
Net Operating Income $29,000 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Tax ID/APN: 017721
Zoning: R-6
Percent Occupied: 100%
Property Located Between: Fairhope Ave and Hwy 44
Highway Access: Hwy 98
Total Number of Buildings: 4
Property Condition: Average
Parking Type: Surface
Laundry: In Each Unit
Zoning Description: R6
Lot Frontage: 137.45
Lot Depth: 392

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,971 17,880 30,832
Median Age: 43 45.54 43.42
Households: 3,003 7,768 12,563
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