Exceptional Multi-Family Investment Opportunity Minutes from Atmore, AL! Introducing a prime investment strategically located just 5 minutes from downtown Atmore. This meticulously maintained property commands over 8000 sqft across two stories with 12 beds and 8 1/2 baths. This expansive 2.24+/- acre property redefines possibilities, presenting a multi-family / investment opportunity for those with a keen eye for versatile real estate. From capitalizing on the income potential through rental units to establishing a live/work environment tailored to your professional pursuits, the possibilities are as expansive as the property itself. Offering a surplus of space, the property provides an ideal canvas for various configurations catering to potential tenants or residents. Two Profitable separate 2 bed/1 bath apartments have been used as an Airbnb, presenting an enticing income stream. With private entrances and patios, each of the two units is versatile, catering to short-term rentals, long-term leases, or live/work arrangements. One unit is situated upstairs, while the other is located downstairs. From the spacious deck off the living room to the 552 sqft party/bonus room of the main kitchen, this property’s design offers additional income potential as an event venue, or for hosting unforgettable gatherings. The main floor includes 2 primary bedrooms with ensuites, 4 additional bedrooms sharing 2 full Jack-n-Jill style bathrooms, a spacious living room, a convenient 1/2 bath, and a kitchen/dining area designed with the versatility to accommodate various business or residential needs. The lower level features an open common area, perfect for a rec/game room, complete with a functional wood-burning fireplace; accompanied by 2 bedrooms, 2 full baths, a large laundry room, and a storage room. This property offers a strategic advantage with no city or county zoning.
Property Details
Price:
$525,000
MLS #:
637950
Status:
Pending
Beds:
12
Baths:
8
Address:
1323 Florida Hwy
Type:
Single Family
Subtype:
Single Family Residence
City:
Atmore
Listed Date:
Dec 22, 2023
State:
AL
Finished Sq Ft:
8,958
ZIP:
36502
Lot Size:
97,574 sqft / 2.24 acres (approx)
Year Built:
1975
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Les Austin has joined Keller Williams Realty, Gulf Coast. He will be a member of the RE:Source Team which will include members with vast amounts of experience in Real Estate and Business. What Les is bringing to the team is over 40 years as a licensed Real Estate Broker. He is also a Florida Certified Licensed General Contractor and Home Inspector. He has been involved in the construction, marketing and sales of thousands of properties. Additional credentials/resources he is bringing to the team…
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Schools
Elementary School:
Local School In County
Middle School:
Local School In County
High School:
Local School In County
Interior
Appliances
Water Heater, Electric Water Heater, Dryer, Washer, Built In Microwave, Dishwasher, Refrigerator
Bathrooms
8 Full Bathrooms, 1 Half Bathroom
Cooling
Multi Units, Heat Pump, Ceiling Fan(s)
Flooring
Concrete, Tile, Carpet, Laminate
Heating
Multi Units, Heat Pump, Fireplace(s)
Laundry Features
Inside
Exterior
Architectural Style
Ranch
Construction Materials
Brick
Other Structures
Barn(s), Workshop/ Storage
Parking Features
Circular Driveway, Driveway, Front Entrance, Guest, Converted Garage
Roof
Metal
Financial
Buyer Agent Compensation
2.4%%
HOA Frequency
Annually
HOA Includes
None
Map
Community
- Address1323 Florida Hwy Atmore AL
- CityAtmore
- CountyOther Counties
- Zip Code36502
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Courtesy of PHD Real Estate, LLC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Pensacola FL. Detailed information about real estate listings held by brokerage firms other than Les Austin include the name of the listing broker. Neither the listing company nor Les Austin shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Pensacola FL. All rights reserved.
1323 Florida Hwy
Atmore, AL
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