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1323 Florida Highway Atmore, AL 36502
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Key Details
Sold Price $450,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 8,958 sqft
Price per Sqft $50
Subdivision Canoe
MLS Listing ID 355586
Sold Date 05/29/24
Bedrooms 12
Full Baths 8
Half Baths 1
Construction Status Resale
Year Built 1975
Annual Tax Amount $2,026
Lot Size 2.240 Acres
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 Escambia
Area Escambia County Al
Zoning Not Zoned,Outside Corp Limits
Rooms
Basement Finished
Interior
Interior Features Bonus Room, Attached Sep Living Suite, Office/Study, Recreation Room, Ceiling Fan(s), Internet
Heating Heat Pump
Cooling Heat Pump, Ceiling Fan(s)
Flooring Carpet, Tile, Laminate, Other Floors-See Remarks
Fireplaces Number 1
Fireplaces Type See Remarks
Fireplace Yes
Appliance Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer, Electric Water Heater
Laundry Inside
Exterior
Garage See Remarks
Community Features None
Utilities Available Cable Connected
Waterfront No
Waterfront Description No Waterfront
View Y/N Yes
View Wooded
Roof Type Metal
Parking Type See Remarks
Garage No
Building
Lot Description 1-3 acres, Wooded, See Remarks, Elevation-High
Foundation Pillar/Post/Pier
Sewer Septic Tank
Water Public
New Construction No
Construction Status Resale
Schools
Elementary Schools Not Baldwin County
Middle Schools Not Baldwin County
High Schools Not Baldwin County
Others
Ownership Whole/Full
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Bought with FirstSouth Properties