$795,000
$900,000
11.7%For more information regarding the value of a property, please contact us for a free consultation.
24 Beds
12 Baths
10,800 SqFt
SOLD DATE : 04/26/2021
Key Details
Sold Price $795,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 10,800 sqft
Price per Sqft $73
Subdivision Parkview Estates
MLS Listing ID 309043
Sold Date 04/26/21
Bedrooms 24
Full Baths 12
Construction Status Resale
Year Built 1978
Annual Tax Amount $5,647
Lot Size 1.020 Acres
Lot Dimensions 200 x 39 x 175 x 225 x 200
Property Description
AMAZING investment opportunity 1.5 miles from South Alabama’s campus!! 100% occupancy! Three buildings with a total of 12 units. Each unit rents for $640/month. All 2 bedrooms, 1 bath, 900sq ft each. Each unit comes with a refrigerator, stove, dishwasher, garbage disposal, washer/dryer connections, and an outside storage unit. 11 central AC units replaced with Rheen units in Feb 2016 and 1 in May 2015. Parking lot was repaved in 2019. 2020 generated almost $60,000 NOI! Owner pays for water and trash. Roof is a flat roof 10-12 years old. Addresses of each building are 5751 Overlook Rd. (Tax ID 1810188), 5755 Overlook Rd. (Tax ID 454877), and 1459 Morlee Dr. W (Tax ID 454868). Tenants require 48 hour’s notice for showings. Buyer to verify all measurements and important info.
Location
State AL
County Mobile
Area Other Area
Zoning 2+ Family Residence
Interior
Heating Electric, Central
Cooling Central Electric (Cool), SEER 14
Flooring Carpet
Fireplace Yes
Appliance Dishwasher, Electric Range, Refrigerator w/Ice Maker
Exterior
Exterior Feature Storage, Termite Contract
Garage Parking Lot
Fence Partial
Community Features None
Utilities Available Water Available
Waterfront No
Waterfront Description No Waterfront
View Y/N No
View None/Not Applicable
Roof Type Built-Up
Parking Type Parking Lot
Garage No
Building
Foundation Slab
New Construction No
Construction Status Resale
Schools
Elementary Schools Not Baldwin County
High Schools Not Baldwin County
Others
Ownership Whole/Full
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Bought with Non Member Office