6,068 SqFt
6,068 SqFt
Key Details
Property Type Multi-Family
Sub Type Four To Ten Units
Listing Status Active
Purchase Type For Sale
Square Footage 6,068 sqft
Price per Sqft $61
MLS Listing ID 410483
Style Mobile Home
Construction Status Resale
HOA Y/N No
Year Built 2007
Property Sub-Type Four To Ten Units
Source Baldwin County
Property Description
Five-unit multifamily portfolio held across 4 parcels at 3 scattered sites, 100% occupied at the time of listing. Unit mix is (3) 3BR/2BA, (1) 3BR/2.5BA, and (1) 2BR/2BA, totaling 6,068± sf of leased space. Gross scheduled rent is $4,545/month, or $54,540 annually, averaging $909 per unit.
*Average tenancy approximately 3.8 years; longest tenant in place 7 years
*Tenants pay power, internet, etc., and maintain their own yards
*Owner-paid water $70/month total; taxes estimated at $1,000/year
*Central heat and air in all 5 units; roofs and HVAC are approximately 7 years or newer
*2 sites inside Atmore city limits, 1 site outside city limits in Perdido.
Rent roll by site:
101 SWIFT ST- $995/MONTH. 2 parcels supporting one 80x16 unit, 3BR/2BA, 1,280± sf with a privacy fenced yard. Refrigerator, dishwasher, and stove convey. AC unit is 4 to 5 years old.
60 PERCH ST- $1150/MONTH. 1 parcel with a 48x26 doublewide, 3BR/2.5BA, 1,248± sf, rebuilt after a fire.
3 COLEMAN RD HOMES- $800/MONTH EACH. Located in Perdido with 1 parcel carrying 3 units: two 80x16 at 3BR/2BA, 1,280± sf, and one 70x14 at 2BR/2BA, 980± sf.
Atmore sits on the I-65 corridor between Mobile and Pensacola, an hour from the Gulf, anchored by Wind Creek and steady local industry that keeps workforce housing demand consistent.
The rent is in place. The tenants have stayed. The work of establishing this one has already been done. Call to request the rent roll and schedule a tour. Buyer to verify all information during due diligence.
Location
State AL
County Escambia County, Al
Zoning MultiFamily,OtherSeeRemarks,WithinCorpLimits,OutsideCorpLimits
Rooms
Dining Room BreakfastBar, EatInKitchen, DiningKitchenCombo
Interior
Interior Features Internet, Ceiling Fan(s)
Heating Electric
Cooling Electric
Flooring Vinyl, Carpet, Luxury Vinyl Plank
Fireplace No
Appliance Other/See Remarks
Heat Source Electric
Exterior
Parking Features Other/See Remarks
Community Features None
Utilities Available Water City, Sewage City, Sewage Septic
Waterfront Description No Waterfront
View Y/N No
View None
Roof Type Metal
Porch Rear Porch, Front Porch
Building
Lot Description Some Trees, Less Than 1 Acre, Other/See Remarks
Architectural Style Mobile Home
Construction Status Resale
Schools
Elementary Schools Not Baldwin County
Middle Schools Not Baldwin County
High Schools Not Baldwin County High
Others
Special Listing Condition None