WendiByrd
BEDS0
BATHS
MLS#7827193
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONMetes Bounds
Property Description
Perfect investment opportunity on 2.3 acres with 8 tiny homes with approximately 5,900 square feet of rentable space. Current at 100% occupancy this property located on Highway 59 is in the heart of Summerdale. The property includes eight cottages/tiny homes (ten rental units total) with approximately 5,900 square feet of rentable space. All units are furnished and leased on a weekly basis. Riviera provides electricity, Point Broadband provides internet, and the Town of Summerdale provides water and sewer. Although the property is currently 100% occupied, a 10% vacancy expense has been applied in the underwriting to reflect realistic long-term performance and to calculate the stated 10% cap rate.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 2.30 Acres
Roof Type: Composition
Stories: 1.0
Taxes: $3,850
Year Built: 1996
Feature Descriptions
Accessibility: None
Community Features: None
Construction Materials: Cement Siding
Days on Site: 5
Exterior: Cement
Fencing: None
Flooring: Vinyl
Lot: Level
Lot Dimensions: 650 x 160
Parcel #: 4809304000003001
Parcel#: 4809304000003001
Parking: Driveway
Parking Notes: Driveway
Sewer: Public Sewer
Special View Info: Rural
Topography: Level
Units: 8
Utilities: Electricity Available
Water: Private
Waterfront: None
Window: Aluminum Frames
Local Schools
High School: Robertsdale
Middle School: Summerdale
Elementary School: Summerdale
Listed By / Shown By
Listed By
Agency Name: Wise Living Real Estate, LLC
Agency Phone: 251-928-9473
Shown By
Agent Name: Wendi Byrd
Agent Phone: (251) 424-4746
Agency Title: Bellator Real Estate
Estimate Your Payment
Estimated Payment
$ 5,917.71 per month $5,276.04 Principal & Interest $320.83 Property Tax $320.83 Homeowner's InsuranceChange Payment Information
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318 State Highway 59 N | MLS# 7827193
This multi-family property located at 318 State Highway 59 N, Summerdale, AL 36580 is currently listed for sale with an asking price of $1,100,000. Search Summerdale real estate on wendibyrd.gobellator.com today.