For Sale
$3,200,000

180 State Docks Rd Eufaula, AL 36027

32-unit multifamily investment opportunity

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional 32-unit apartment complex, Timberland Apartments, presents a compelling investment opportunity in Eufaula, Alabama. Priced at $3,200,000, this property boasts 24,784 square feet situated on approximately 3 acres of land. Built in 1986, the complex offers a strong rental income stream with a price per unit of $100,000 and a price per square foot of $129.12. Conveniently located on 180 State Docks Rd, Eufaula, AL 36027, the property enjoys a prime location near Lake Eufaula and US Route 431, ensuring easy access to transportation. On-site amenities include a leasing office and a laundromat, enhancing tenant convenience and operational efficiency. The property benefits from its proximity to a wide array of retail establishments, including popular fast-food restaurants (Chick-fil-A, Burger King, Wendy's, Sonic, Dairy Queen, Waffle House), auto parts stores (O'Reilly, Advanced Auto Parts), grocery stores (Piggly Wiggly, Winn-Dixie, Dollar General, Dollar Tree), pharmacies, and other essential services. Schools, churches, and medical facilities are also conveniently located nearby. This well-positioned multifamily property offers a significant opportunity for investors seeking a strong return on investment in a desirable Alabama market. The property's APN is 06-24-03-08-2-001.007.001.

Highlights

  • 32-unit multifamily property offering substantial rental income potential.
  • Excellent Eufaula location with Lake Eufaula access.
  • Attractive floor plans designed for tenant appeal.
  • Convenient access to transportation, shopping, and dining.
  • On-site laundromat.
  • On-site leasing office.

Property Details for 180 State Docks Rd

Property type
Apartment buildings
Square Feet
24,784 SF
Year Built
1986
Lot Size (sq. ft)
130,680 SF
Units
32

Location Insight

City
Eufaula
County
Barbour
State
Alabama
Latitude
31.870256925688
Longitude
-85.152814459344

FAQs

What type of property is this?
Apartment building - 32-unit multifamily investment opportunity
Where is the apartment building located?
The property is located at 180 State Docks Rd Eufaula, AL.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 32-unit multifamily property offering substantial rental income potential.; Excellent Eufaula location with Lake Eufaula access.; Attractive floor plans designed for tenant appeal.
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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180 State Docks Rd
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