Apartment complex in Downtown Gulf Shores

Multi-Family for Sale
Catylist Listing ID: 30323768
Property Subtypes: Student Housing, Other
Number of Units: 12 Units
Building Size (RSF): 11,250 SF
Gross Building Area: See Agent
Sale Price: $1,069,900
Unit Price: $89,158.33 Per Unit
Property Use Type: Vacant/Owner-User
Building Name: Southport Apartments
Usable Size (USF): 11,250 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 1/13/2021

Overview / Comments

The property consists of three buildings with (12) two bedroom / 1.5 bathroom units. The average unit size is 914 SF and each unit features a den, a kitchen, two bedrooms and one and a half bathrooms. There is a 288 SF separate storage building, which includes the on-site laundry facilities. The buildings have been recently painted. The interior of 11 units have undergone renovations which include new flooring, new cabinets in some units, new plumbing and electrical fixtures and fresh paint. All units have refrigerators, range ovens and fan hoods, and two units have dishwashers, all appliances have been replaced in 2016.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Taxing Authority: Gulf Shores
Tax ID/APN: 66-03-08-1-000-059.000
Total Number of Buildings: 3
Property Condition: Good
Number of Stories: 2
Year Built: 1986
Year Renovated: 2016
Construction/Siding: Wood Siding
Exterior Description: Building Exterior Wood Siding Roof Cover Metal Doors Wood Windows Double-Pane
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Zoning Description: R-4 (Residential Multi-Family - High Density)
Lot Frontage: 200'
Lot Depth: 160'
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 160'(S) X 200' LOTS 19-20-21 BLK 6 SOUTHPORT GULF SHORES PB4 PG148 IN THE CITY OF GULF SHORES SEC 8-T9S-R4E "SOUTHPORT T OWNHOMES" (CORR D) IN# 1556354

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 9,159 16,059
Median Age: 40.34 40.23
Households: 4,175 7,059

Contact

Photograph of Listing Agent

Alla Nikitina

Ryals Realty Gulf Coast CMLS Member
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