Mobile street Monroeville, AL 36460

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.