Building Details

Year Built 1950

Listing Agency: Pritchett Moore Real Estate k***@att.net Show Phone

Listed By: Kathy Acker · License #118596368

Source: Advantagerealtygroup

Added: Jul 23 Changed: Aug 27 Last Checked: Aug 29 at 6:22AM

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Investment Insights

Based on property information with market context.

This multifamily property includes two homes on the parcel. One residence offers two bedrooms and one bath with handicap accessibility. The second home measures 812 square feet and also includes two bedrooms and one bath. A large workshop and a separate outbuilding provide additional functional space, while an extra lot lies between the residences.

Constructed in 1950, the property is located at 12978 Mary Lee Ave in Cottondale, Alabama. The configuration supports multifamily ownership, with the option to occupy one home while leasing the other.

Key Highlights

• Two homes, each with 2 bedrooms and 1 bath
• One residence is handicap accessible
• Second home measures 812 square feet

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Auto Repair Shop Hair Salon Nail Salon Computer & Electronic Repair Skin Care Clinic Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

4

Businesses Nearby

Explore this area Business Placement

Demographics for 35453, AL

12,682

Population

5,215

Households

2.4

Avg Household Size

38

Median Age

16%

College-Educated

89%

High-School Grad

90.4 sq mi

ZIP Area

140

Density / Sq Mi

$70,162

Median Household Income

$39,306

Median Earnings

$969

Median Rent

$190,300

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Multifamily property - Two residential units share a parcel with an additional lot, workshop, and separate storage outbuilding.

Where is this multifamily property located?

The property is located at 12978 Mary Lee Ave Cottondale, AL.

What is the asking price?

The asking price for this property is $247,000.

What are key features of this property?

This property features: Two homes, each with 2 bedrooms and 1 bath; One residence is handicap accessible; Second home measures 812 square feet