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.
Sold for $450,000
Street View
Zillow last checked:
Listing updated:
Bought with:
Outside Area Selling Agent
Levin Rinke Realty
Source: PAR,MLS#: 637950
Price history
| Date | Event | Price |
|---|---|---|
| 5/29/2024 | Sold | $450,000-14.3%$50/sqft |
Source:  PAR #637950 Report a problem | ||
| 1/28/2024 | Pending sale | $525,000$59/sqft |
Source: PAR #637950 Report a problem | ||
| 12/12/2023 | Listed for sale | $525,000+238.7%$59/sqft |
Source: PAR #637541 Report a problem | ||
| 11/7/2019 | Listing removed | $155,000$17/sqft |
Source: Ixl Real Estate Llc #633408 Report a problem | ||
| 10/29/2019 | Listed for sale | $155,000+5%$17/sqft |
Source: Ixl Real Estate Llc #633408 Report a problem | ||
| 2/28/2018 | Listing removed | $147,631-20.3%$16/sqft |
Source: Auction.com Report a problem | ||
| 12/20/2017 | Listed for sale | $185,149+0.2%$21/sqft |
Source: Auction.com Report a problem | ||
| 4/15/2017 | Listing removed | $184,835+0.8%$21/sqft |
Source: Auction.com Report a problem | ||
| 3/28/2017 | Listed for sale | -- |
Source: Auction.com Report a problem | ||
| 7/31/2015 | Sold | $183,400-3.4%$20/sqft |
Source: PAR #478847 Report a problem | ||
| 3/29/2015 | Listed for sale | $189,900$21/sqft |
Source: Southern Real Estate - Atmore #223914 Report a problem | ||
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Estimated market value
$461,800
