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$375,000 - 101 Swift St, Atmore

5
Bedrooms
4
Baths
980
SQ. Feet
2007
Year Built

5-Unit Multifamily Portfolio | Atmore, AL | 100% Occupied | $54,540 Gross Annual - Five-unit multifamily portfolio held across 4 parcels at 3 scattered sites, 100% occupied at the time of listing. Unit mix is (3) 3BR/2BA, (1) 3BR/2.5BA, and (1) 2BR/2BA, totaling 6,068± sf of leased space. Gross scheduled rent is $4,545/month, or $54,540 annually, averaging $909 per unit. *Average tenancy approximately 3.8 years; longest tenant in place 7 years *Tenants pay power, internet, etc., and maintain their own yards *Owner-paid water $70/month total; taxes estimated at $1,000/year *Central heat and air in all 5 units; roofs and HVAC are approximately 7 years or newer *2 sites inside Atmore city limits, 1 site outside city limits in Perdido. Rent roll by site: 101 SWIFT ST- $995/MONTH. 2 parcels supporting one 80x16 unit, 3BR/2BA, 1,280± sf with a privacy fenced yard. Refrigerator, dishwasher, and stove convey. AC unit is 4 to 5 years old. 60 PERCH ST- $1150/MONTH. 1 parcel with a 48x26 doublewide, 3BR/2.5BA, 1,248± sf, rebuilt after a fire. 3 COLEMAN RD HOMES- $800/MONTH EACH. Located in Perdido with 1 parcel carrying 3 units: two 80x16 at 3BR/2BA, 1,280± sf, and one 70x14 at 2BR/2BA, 980± sf. Owner costs stay low, and tenants carry what they use. Atmore sits on the I-65 corridor between Mobile and Pensacola, an hour from the Gulf, anchored by Wind Creek and steady local industry that keeps workforce housing demand consistent. The rent is in place. The tenants have stayed. The work of establishing this one has already been done. Call to request the rent roll and schedule a tour.

Essential Information

  • MLS® #:
    689364
  • Price:
    $375,000
  • Bedrooms:
    5
  • Bathrooms:
    4.00
  • Full Baths:
    4
  • Square Footage:
    980
  • Year Built:
    2007
  • Type:
    Residential Income
  • Sub-Type:
    OTHER
  • Status:
    Active

Community Information

  • Address:
    101 Swift St
  • Subdivision:
    None
  • City:
    Atmore
  • County:
    Other Counties
  • State:
    AL
  • Zip Code:
    36502

Amenities

  • Parking:
    Driveway
  • Waterfront:
    None
  • Pool:
    None

Interior

  • Interior Features:
    Ceiling Fan(s), High Speed Internet
  • Appliances:
    Electric Water Heater
  • Heating:
    Central
  • Cooling:
    Ceiling Fan(s), Central Air, Wall/Window Unit(s)
  • # of Stories:
    1
  • Stories:
    One

Exterior

  • Lot Description:
    Central Access
  • Roof:
    Metal
  • Foundation:
    Off Grade

School Information

  • Elementary:
    Local School In County
  • Middle:
    LOCAL SCHOOL IN COUNTY
  • High:
    Local School In County

Additional Information

  • Zoning:
    City,County,Mobile Homes,Res Multi

Listing Details

  • Listing Office:
    Phd Real Estate, Llc

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