For Sale
$100,000

Mobile street Monroeville, AL 36460

16-Unit Building, 0.8 Acres, Rehab Potential

Source: https://www.saltercompany.com

Overview

Added:
Feb 11
Days on market:
75
This exceptional 4,800 square foot multifamily building presents a compelling investment opportunity in Monroeville, Alabama. Situated on a level, dry 0.8-acre lot, this 16-unit property offers significant potential for redevelopment or rehabilitation. Its prime location connects Mobile Street and Washington Street, providing convenient access to Monroeville's Downtown Historic District. The property is zoned R3 – Residential District, making it ideal for multifamily use. The existing structure provides a solid foundation for a variety of development scenarios, from extensive renovations to a complete rebuild. The substantial lot size allows for future expansion or additional development. This is a rare chance to acquire a sizeable multifamily property in a desirable location with considerable upside potential. The asking price is $100,000. The property's size and location make it an attractive prospect for investors seeking a strong return on investment in a growing market. This is a turnkey opportunity to capitalize on the demand for multifamily housing in the area. Serious inquiries are encouraged.

Highlights

  • Large 4,800 sq ft multi-family building with 16 units.
  • Excellent redevelopment opportunity near Monroeville's historic district.
  • Level, dry 0.8-acre lot zoned R3, connecting Mobile & Washington Streets.

Property Details for Mobile street

Property type
Mixed-use properties, Retail properties
Square Feet
4,800 SF
Price / Square Foot
$20.83
Buildings
2
Stories
1
Elevators
N/A
Lot Size (sq. ft)
34,848 SF
Units
16

Location Insight

City
Monroeville
County
Monroe
State
Alabama

FAQs

What type of property is this?
Mixed-use property - 16-Unit Building, 0.8 Acres, Rehab Potential
Where is the mixed-use property located?
The property is located at Mobile street Monroeville, AL.
What is the asking price?
The asking price for this property is $100,000.
What are key features of this property?
This property features: Large 4,800 sq ft multi-family building with 16 units.; Excellent redevelopment opportunity near Monroeville's historic district.; Level, dry 0.8-acre lot zoned R3, connecting Mobile & Washington Streets.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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Mobile street
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