Bought with Outside Area Selling Agent • Levin Rinke Realty
$450,000
$525,000
14.3%For more information regarding the value of a property, please contact us for a free consultation.
12 Beds
8.5 Baths
8,958 SqFt
SOLD DATE : 05/29/2024
Key Details
Sold Price $450,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 8,958 sqft
Price per Sqft $50
MLS Listing ID 637950
Sold Date 05/29/24
Style Ranch
Bedrooms 12
Full Baths 8
Half Baths 1
HOA Y/N No
Originating Board Pensacola MLS
Year Built 1975
Lot Size 2.240 Acres
Acres 2.24
Lot Dimensions 315' X 310'
Property Description
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.
Location
State AL
County Other Counties
Zoning County,Unrestricted
Rooms
Other Rooms Barn(s), Workshop/Storage
Basement Finished
Dining Room Kitchen/Dining Combo
Kitchen Not Updated, Laminate Counters, Desk
Interior
Interior Features Storage, Baseboards, Bookcases, Ceiling Fan(s), Crown Molding, High Speed Internet, In-Law Floorplan, Walk-In Closet(s), Attached Self Contained Living Area, Bonus Room, Game Room, Guest Room/In Law Suite, Gym/Workout Room, Office/Study
Heating Multi Units, Heat Pump, Fireplace(s)
Cooling Multi Units, Heat Pump, Ceiling Fan(s)
Flooring Concrete, Tile, Carpet, Laminate
Fireplace true
Appliance Water Heater, Electric Water Heater, Dryer, Washer, Built In Microwave, Dishwasher, Refrigerator
Exterior
Parking Features Circular Driveway, Driveway, Front Entrance, Guest, Converted Garage
Pool None
Utilities Available Cable Available
View Y/N No
Roof Type Metal
Garage No
Building
Lot Description Central Access
Faces From downtown Atmore, AL: Head west on W Nashville Ave (US-31). Go for 4.0 mi. Then Turn right onto Florida Hwy. Go for 1.3 mi. Then property is on the left.
Story 2
Water Public
Structure Type Brick
New Construction No
Others
HOA Fee Include None
Tax ID 30 26 07 36 0 200 007.000
Security Features Smoke Detector(s)
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