Apartment complex in Downtown Gulf Shores
Multi-Family
for Sale
Sale Pending
| Catylist Listing ID: |
30323768 |
| Property Subtypes: |
Student Housing, Other
|
| Status: |
Pending |
| 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: |
3/3/2021 |
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 |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
9,159 |
16,059 |
| Median Age: |
40.34 |
40.23 |
| Households: |
4,175 |
7,059 |
|
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