Multi Family Opportunity
Multi-Family
for Sale
Sale Pending
| Catylist Listing ID: |
30872144 |
| Property Subtypes: |
Duplex/Fourplex
|
| Status: |
Pending |
| Number of Units: |
4 Units |
| Building Size (RSF): |
3,960 SF |
| Gross Land Area: |
0.32 Acres
|
| Sale Price: |
$425,000 |
| Unit Price: |
$106,250 Per Unit |
| Property Use Type: |
Net Leased Investment (NNN) |
| Usable Size (USF): |
3,200 SF |
| Sale Terms: |
Cash to Seller, Purchase Money Mortgage |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/13/2024 |
Overview / Comments
|
Great opportunity! This quadplex has R-4 Zoning and each unit is approximately 900 square feet and 2 BR 2 BA. Three out of the four units are currently rented: Unit 1106 for $1,350/month, Unit 1107 for $1,100/month, and Unit 2107 for $1,200/month. The vacant unit has some roof leaks and the carpet has been recently removed. The property is to be sold AS IS WHERE IS.
|
Additional Details
| Nearest MSA: |
Daphne-Fairhope-Foley |
| County: |
Baldwin |
| Tax ID/APN: |
38222 |
| Zoning: |
R4 |
| Percent Occupied: |
75% |
| Total Number of Buildings: |
1 |
| Property Condition: |
Good |
| Number of Stories: |
2 |
| Year Built: |
1979 |
| Parking Type: |
Surface |
| Laundry: |
In Each Unit |
| Zoning Description: |
R4 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
3,987 |
18,361 |
31,237 |
| Median Age: |
37.73 |
40.47 |
41.02 |
| Households: |
1,760 |
7,777 |
12,519 |
|
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