31255 AL-25 Hwy - Apartments FOR SALE


Wilsonville, AL 35186
$275,000 USD
205-870-8580
31255 AL-25 Hwy, Wilsonville, AL for Sale
$275,000 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

31255 AL-25 Hwy
Wilsonville, AL 35186


OVERVIEW

10 Unit Multifamily Redevelopment Opportunity for sale in a market with very high demand for renters and very limited supply of housing. This building is 6,000+/- sf located on 0.83± AC and is currently vacant. Property needs a full rehab; wiring, flooring, plumbing, roof, etc. Sellers are open to creative options on this particular deal due to scope of work needed, but prefer to cash out entirely. There is no market rent apartment housing in the area but two major employers within two minutes of this property would provide an ample opportunity for an investor to capitalize on this investment. City and County have expressed interest in working with a new owner or investor to get this property back to active status. Call or email Broker for additional information.

FOR SALE DETAILS

PRICE

$275,000 USD

PRICE/SF

$34 USD /SF

# OF UNITS

10

PRICE/UNIT

$27,500

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

31255 Hwy 25 Wilsonville, AL

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,342 SF

ZONING

-

APN/PARCEL ID

17-9-31-3-001-013-000

ASK ABOUT THIS PROPERTY

Alex KyriazisLAH Commercial Real EstateMore Info
205-870-8580

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Alex KyriazisLAH Commercial Real EstateMore Info
205-870-8580

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.