Waterfront Multi Family
Multi-Family
for Sale
| Catylist Listing ID: |
30835292 |
| Property Subtypes: |
Duplex/Fourplex, Low-Rise/Garden, Other
|
| Number of Units: |
6 Units |
| Building Size (RSF): |
6,324 SF |
| Gross Building Area: |
See Agent |
| Sale Price: |
$1,900,000 |
| Unit Price: |
$316,666.67 Per Unit |
| Property Use Type: |
Investment, Vacant/Owner-User, Business |
| Building Name: |
Edgewater Park |
| Sale Terms: |
Cash to Seller, Owner Financing |
| Cap Rate: |
Undisclosed |
| Average Occupancy Rate: |
99 |
| Last Updated: |
9/1/2023 |
Overview / Comments
Investors!! One of a kind property in Lillian ALABAMA! Nearly 200+-' on Perdido Bay, approx 2 acres. FIVE, 1 bedroom, 2 bathroom apartments that stay rented 100% on 6 month leases. This property is incredibly unique and has multiple possibilities which could include Marina, Waterfront Living Community, Restaurant or your own Vacation Rental Hot Spot. Short term rentals ALLOWED!
Main home has 3 bedrooms, 2 bathrooms and additional sleeping in the loft. Oversized double car garage/shop, which could be used as a garage OR converted to additional apartments.
Zoning is RMF-6 (Multi Family)! Apartments have new sewer connection June 2021, home is on septic. Close to Gulf Beaches! Public, Lillian Boat Launch just down the street. Perdido Bay leads to Orange Beach, Gulf Shores and to the Gulf of Mexico.
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Additional Details
| Nearest MSA: |
Daphne-Fairhope-Foley |
| County: |
Baldwin |
| Tax ID/APN: |
05-52-07-26-0-001-123.000 |
| Zoning: |
RMF-6 |
| Percent Occupied: |
100% |
| Property Located Between: |
Elberta AL and Pensacola FL |
| Highway Access: |
Less than 1 block from US Highway 98 |
| Total Number of Buildings: |
2 |
| Property Condition: |
Average |
| Number of Stories: |
1 |
| Year Built: |
1955 |
| Year Renovated: |
2000 |
| Roof Type: |
Gable |
| Construction/Siding: |
Brick |
| Parking Type: |
Surface |
| Laundry: |
In Each Unit |
| Heat Type: |
Electricity |
| Fuel: |
Propane |
| Air Conditioning: |
Other |
| Internet Access: |
Satellite |
| In Flood Plain?: |
Yes |
| Water Service: |
Municipal, Well |
| Sewer Type: |
Municipal, Septic |
| Land Ownership: |
Whole/Full |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
9,266 |
19,431 |
| Median Age: |
49.4 |
43.07 |
| Households: |
4,023 |
7,804 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Gulf Coast CMLS nor
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