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BUILDING SQFT: 15,000 SQFT STRUCTURES 2 BUILDINGS LAND SIZE: 1.9 ACRES APPROXIMATE SQFT/APT: 1Bed/1Bath 600-900 SF 2Bed/1Bath 700-960 SF 3Bed/1Bath 900-960 SF YEAR BUILT: 1958 UNIT MIX: 8 1Bed/1Bath 8 2Bed/1Bath 3 3Bed/1Bath PRICE/BUILDING SQFT: $48.66 PRICE/UNIT: $38,421 ASKING PRICE: $729,999
Size Upon Req.$149,000
(+/-) 3.1 Acres-Set up for 7 mobile home hookups. 1 very nice doublewide mobile home that the owner lives in with attached carport (could rent for approx. $600/month). 6 additional mobile home hook-ups. Room for several others.
Camelot Apartments is a 150 unit multifamily property built in 1972. Camelot contains 1, 2, & 3 bedroom units. The property has had new roofs installed in the last 5 years. Stable occupancy and a stable income producing property. Attractive assumable HUD debt in place.
$400,000 below 12-2013 appraised value. New roofs just completed 12-2013. LOAN ASSUMPTION -- new FNMA loan just closed. Loan balance is $5,000,000, so the purchase price is $1,300,000 and assume. Interest rate is 5.1% fixed for 10 years. Pro forma return on your $1.3M investment is 10%. Call/email for more details. 144 apartments in a great location in a strong market. Dothan has seen some great growth in the past two years. There are 30 1 BR units, 102 2 BR/2 BA units and 12 3 BR/2 BA units. Do you need a 1031 replacement property that will cash flow from Day One? Here it is.