104 Medical Park Dr - Apartments FOR SALE


Atmore, AL 36502
$375,000 USD
251-294-2060
104 Medical Park Dr, Atmore, AL for Sale
$375,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

104 Medical Park Dr
Atmore, AL 36502


HIGHLIGHTS

  • convenient location
  • huge income potential
  • Atmore area is in desperate need of rentals

OVERVIEW

Investor's Dream – 10-Unit Multi-Family Property with Huge Income Potential! Discover the perfect opportunity to transform this 10-unit apartment complex into a lucrative rental investment. Located in a desirable area with high demand for rentals, this property offers a blank canvas for your renovation vision. Property Details: Large Building: 4 units: 2 bedrooms / 1 bathroom each 2 units: 1 bedroom / 1 bathroom each Solid construction and functional layouts ready for updates. Block Building (Shell): 3 studio apartments 1 unit: 1 bedroom / 1 bathroom Needs complete renovation, including new flooring, windows, and bathrooms. Highlights: No current income – ready for full-scale renovation. Property requires cleaning out and updating, providing the opportunity to customize to modern standards. Ideal for experienced investors or developers looking to maximize rental income. Preapproval or proof of funds required before scheduling a showing. This property offers immense potential to create a sought-after rental community in a great location. Whether you're a seasoned investor or a developer ready for your next project, this 10-unit complex is brimming with possibilities. Don't miss this chance to capitalize on the strong rental market – schedule your showing today! As the largest city in Escambia County, Atmore's development continues attracting growing businesses, new residences and expanding opportunities for current citizens. Atmore is home to a wide range of thriving industries including agriculture, timber, textiles, metal fabrication, and communication companies. City leaders take a proactive approach to industrial recruitment by adding and selling buildings at the 150-acre Industrial Park, along with expanding the Rivercane Development. The City of Atmore works in conjunction with the Atmore Area Chamber of Commerce, the Escambia County Industrial Development Authority, and the Coastal Gateway Regional Economic Development Alliance to attract new business and industry to the area while pursuing marketing strategies which promote the growth of our community and its existing industries. The City and Chamber are also working on beautification and hometown pride initiatives to enhance the downtown business district, as well as commercial and industrial properties. Seize the opportunity to establish your presence in this dynamic location, where modern amenities converge with prime real estate, offering an unparalleled foundation for success.

FOR SALE DETAILS

PRICE

$375,000 USD

PRICE/SF

$57 USD /SF

# OF UNITS

10

PRICE/UNIT

$37,500

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

104 Medical Park Drive, Atmore, AL 36502

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1951

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

-

APN/PARCEL ID

119901

ASK ABOUT THIS PROPERTY

Taylor LeePHD RealtyMore Info
251-294-2060

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Taylor LeePHD RealtyMore Info
251-294-2060

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.