12865 Saeger RdGrand Bay, AL 36541

Great property in the growing community of Grand Bay. Alabama. This property has a unique setup now as a church with an additional 3 rooms, now set up as apartments, but could be used for education building. Located on a main road, and only recently renovated, it already has a strong income stream. The church/multi-purpose building has 2 full bathrooms with showers, a large gathering area, a kitchen with range and refrigerator, a large room currently set up for a dining area, 1 office with a restroom, exterior storage rooms and a covered rear patio. This building could easily be converted for more apartments and the storage area converted for tenant use laundry facility. Handicap accessible entrances. There are no restrictions on the property so it can be converted to shops, retail, school, church, etc. Use your imagination and business skills. Exterior and interior refreshing in process, so some apartments are occasionally vacant. As is the cap rate is over 10%