$450,000
$525,000
14.3%For more information regarding the value of a property, please contact us for a free consultation.
1323 Florida Highway Atmore, AL 36502
12 Beds
9 Baths
8,958 SqFt
Key Details
Sold Price $450,000
Property Type Single Family Home
Sub Type Residential Attached
Listing Status Sold
Purchase Type For Sale
Square Footage 8,958 sqft
Price per Sqft $50
Subdivision Canoe
MLS Listing ID 355586
Sold Date 05/29/24
Style Triplex
Bedrooms 12
Full Baths 8
Half Baths 1
Construction Status Resale
HOA Y/N No
Rental Info Yes
Year Built 1975
Acres 2.24
Property Sub-Type Residential Attached
Source Baldwin County
Property Description
Exceptional Multi-Family Investment Opportunity Minutes from Atmore, AL! Introducing a prime investment strategically located just 5 minutes from downtown Atmore. This meticulously maintained property commands over 8000 sqft across two stories with 12 beds and 8 1/2 baths. This expansive 2.24+/- acre property redefines possibilities, presenting a multi-family / investment opportunity for those with a keen eye for versatile real estate. From capitalizing on the income potential through rental units to establishing a live/work environment tailored to your professional pursuits, the possibilities are as expansive as the property itself. Offering a surplus of space, the property provides an ideal canvas for various configurations catering to potential tenants or residents. Two Profitable separate 2 bed/1 bath apartments have been used as an Airbnb, presenting an enticing income stream. With private entrances and patios, each of the two units is versatile, catering to short-term rentals, long-term leases, or live/work arrangements. One unit is situated upstairs, while the other is located downstairs. From the spacious deck off the living room to the 552 sqft party/bonus room of the main kitchen, this property's design offers additional income potential as an event venue, or for hosting unforgettable gatherings. The main floor includes 2 primary bedrooms with ensuites, 4 additional bedrooms sharing 2 full Jack-n-Jill style bathrooms, a spacious living room, a convenient 1/2 bath, and a kitchen/dining area designed with the versatility to accommodate various business or residential needs. The lower level features an open common area, perfect for a rec/game room, complete with a functional wood-burning fireplace; accompanied by 2 bedrooms, 2 full baths, a large laundry room, and a storage room. This property offers a strategic advantage with no city or county zoning.
Location
State AL
County Escambia County, Al
Zoning Unzoned,OutsideCorpLimits
Rooms
Dining Room DiningKitchenCombo
Interior
Interior Features Internet, Ceiling Fan(s)
Heating Heat Pump
Cooling Heat Pump
Flooring Tile, Carpet, Laminate, Other Floors/See Remarks
Fireplaces Number 1
Fireplaces Type Other/See Remarks
Furnishings Unfurnished
Fireplace Yes
Appliance Dryer, Washer, Microwave, Dishwasher, Refrigerator, Electric Range, Smoke Detector
Heat Source Heat Pump
Exterior
Parking Features Other/See Remarks
Pool None
Community Features None
Utilities Available Water City, Sewage Septic, Water Heater Electric, Cable
Waterfront Description No Waterfront
View Y/N Yes
View Wooded
Roof Type Metal
Porch Patio, Front Porch, Covered Patio
Building
Lot Description Elevation High, Other/See Remarks, Heavily Wooded Lot
Architectural Style Triplex
Construction Status Resale
Schools
Elementary Schools Not Baldwin County
Middle Schools Not Baldwin County
High Schools Not Baldwin County High
Others
Financing FHA
Special Listing Condition None
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