156 Patterson St - Apartments FOR SALE


Atmore, AL 36502
$5,625,000 USD
251-438-4312
156 Patterson St, Atmore, AL for Sale
$5,625,000 USD
Apartments - FOR SALE
1/26
null | 10.93% Cap Rate

156 Patterson St
Atmore, AL 36502


HIGHLIGHTS

  • Convenient location just off Highway 21 near retail, dining and major employers
  • Minutes to WindCreek Casino
  • $1,500,000 in capital improvements over the past 36 months
  • Buildings are built of brick on a slab foundation with copper wir-ing and a mix of copper/PVC plumbing
  • Washer and dryer connections in all units
  • Metal roofs installed 2 years ago

FOR SALE DETAILS

PRICE

$5,625,000 USD

PRICE/SF

$123 USD /SF

# OF UNITS

77

PRICE/UNIT

$73,052

CAP RATE

10.93%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Atmore Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

PARKING SPACES

114

LAND DETAILS

LAND ACRES

6.86 AC

LAND SF

298,840 SF

ZONING

B-2

APN/PARCEL ID

26-04-20-3-001-023.000,26-04-20-3-002-001.000,26-04-20-3-004-001.000

ASK ABOUT THIS PROPERTY

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251-438-4312

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251-438-4312

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