Active

$1,100,000

318 State Highway 59 N, Summerdale, AL 36580

--beds

0baths

--sqft

$6,294/mo

Get pre-qualified

Multi Family

Built in 1996

-- sqft lot

$1,042,500 Zestimate^®

$--/sqft

$-- HOA

What's special

All units are furnished

Perfect investment opportunity on 2.3 acres with 8 tiny homes with approximately 5,900 square feet of rentable space. Current at 100% occupancy this property located on Highway 59 is in the heart of Summerdale. The property includes eight cottages/tiny homes (ten rental units total) with approximately 5,900 square feet of rentable space. All units are furnished and leased on a weekly basis. Riviera provides electricity, Point Broadband provides internet, and the Town of Summerdale provides water and sewer. Although the property is currently 100% occupied, a 10% vacancy expense has been applied in the underwriting to reflect realistic long-term performance and to calculate the stated 10% cap rate.

16 days
56
4

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 0

Heating

Central

Cooling

Central Air

Features

Flooring: Vinyl

Video & virtual tour

View virtual tour

Property

Parking

Parking features: Driveway
Has uncovered spaces: Yes

Accessibility

Accessibility features: None

Features

Levels: One
Fencing: None
Has view: Yes
View description: Rural
Waterfront features: None

Lot

Size: 2.3 Acres
Dimensions: 650 x 160

Details

Parcel number: 4809304000003001
Special conditions: Investor Owned

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Cement Siding
Roof: Composition

Condition

Year built: 1996

Utilities & green energy

Sewer: Public Sewer
Water: Private
Utilities for property: Electricity Available

Green energy

Energy efficient items: None

Community & HOA

Community

Features: None
Subdivision: Metes & Bounds

Location

Region: Summerdale

Financial & listing details

Tax assessed value: $579,100
Annual tax amount: $3,850
Date on market: 8/25/2026
Electric utility on property: Yes

Estimated market value

$1,042,500

$990,000 - $1.09M

$1,326/mo

Price history

Date	Event	Price
8/25/2026	Listed for sale	$1,100,000
Source: GCMLS #7827193 Report a problem
2/22/2025	Listing removed	$1,200
Source: Zillow Rentals Report a problem
2/1/2025	Listed for rent	$1,200
Source: Zillow Rentals Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$3,822 +23.9%	$115,820 +23.9%
2023	$3,085	$93,480 +16.4%
2022	--	$80,340 +3.8%
2021	$2,539	$77,380 +4.5%
2020	--	$74,060 -4.4%
2019	$2,556 +4.1%	$77,440 +4.1%
2018	$2,455 +14.9%	$74,400 +14.9%
2017	$2,138 -4.7%	$64,780
2016	$2,243	$64,780 -18.4%
2015	$2,243 +0.4%	$79,340 +17.8%
2014	$2,235	$67,380
2013	$2,235 -13.7%	$67,380 -14.1%
2009	$2,589	$78,460
2008	$2,589 +1%	$78,460 +1%
2007	$2,563 +21.3%	$77,680 +21.3%
2006	$2,113 +8.7%	$64,040 +14.9%
2005	$1,944 +10.1%	$55,720 +4.1%
2002	$1,766	$53,520