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Penelope Bradley

penelope.bradley@exprealty.com +1(850) 501-7212

Listed by Taylor Helton Lee • PHD Real Estate, LLC

$ 375,000

Est. payment -/mo

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101 Swift St Atmore, AL 36502

5 Beds

4 Baths

1,280 SqFt

UPDATED:

Key Details

Property Type Other Types

Sub Type OTHER

Listing Status Active

Purchase Type For Sale

Square Footage 1,280 sqft

Price per Sqft $292

MLS Listing ID 689364

Bedrooms 5

Full Baths 4

HOA Y/N Yes

Year Built 2007

Property Sub-Type OTHER

Source Pensacola MLS

Property Description

5-Unit Multifamily Portfolio | Atmore, AL | 100% Occupied | $54,540 Gross Annual - 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. Owner costs stay low, and tenants carry what they use. 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.

Location

State AL

County Other Counties

Zoning City,County,Mobile Homes,Res Multi

Interior

Interior Features Ceiling Fan(s), High Speed Internet

Heating Central

Cooling Ceiling Fan(s), Central Air, Wall/Window Unit(s)

Flooring Vinyl, Carpet

Appliance Electric Water Heater

Exterior

Parking Features Driveway

Pool None

Waterfront Description None

View Y/N No

Roof Type Metal

Garage No

Building

Lot Description Central Access

Faces From 1812 S Main St: Go N on Main St > 2mi Turn left on Howard St (CR-1). Keep right at the fork on Jack Springs Rd > 0.3mi Turn left on Swift St. 101 Swift on left. TO 608 PERCH Go W on Swift St. Take next left on Perch St. 608 on left. TO 54722 COLEMAN Go S on Perch St> 0.2mi Turn right on Short St> 0.3mi Turn left on Swift Mill Rd> 1mi Turn right on US-31> 5mi Turn right on James Rd> 0.2mi Turn left on Railroad St> 0.4mi Turn right on Johnson Rd> 2mi Turn right on Coleman Rd houses on right.

Story 1

Water Public

New Construction No

Others

HOA Fee Include Water/Sewer

Tax ID 2604194002002.000

Security Features Smoke Detector(s)

Nearby Locations

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Penelope Bradley

+1(850) 501-7212

penelope.bradley@exprealty.com

Penelope Bradley

101 Swift St Atmore, AL 36502

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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101 Swift St