Brick Multifamily Income
For Sale
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156 Patterson Street, Atmore, AL 36502
Brick multifamily buildings on slab foundation with individual electric and water meters and washer/dryer connections in all units.
Property Size58,787 SF
Price / SF$95.68
Days on Market157
Property Features for 156 Patterson Street
General Information
Standard status
Active
Size
58,787 SF
Property subtype
Multifamily
Zoning
B2: General Business
Investment Type
Value Add
Net Operating Income
$614,880
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
77
Building Details
Year Built
1971
Year Renovated
2025
Buildings
19
Units
77
Tenancy
Multi
Listing Agency:
CRE Mobile
Listed By:
Pete Riehm · License #AL 000090093
(251) 442-4349
Source:
Crexi
Added: May 18
Changed: Oct 21
Last Checked: Oct 20 at 5:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CRE Mobile
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Investment Insights
Based on property information with market context.
This multifamily income property consists of brick buildings on slab foundations. The construction includes copper wiring and a mix of copper/PVC plumbing, and each unit has washer and dryer connections. Units also benefit from individually metered electric and water service. The property provides trash and pest control, and metal roofs were installed about two years ago.
The location is described as convenient, just off Highway 21 near retail, dining, and major employers, with minutes to WindCreek Casino.
Recent improvements include approximately $1,500,000 in capital improvements over the past 36 months, along with about $250,000 spent on HVAC systems.
The location is described as convenient, just off Highway 21 near retail, dining, and major employers, with minutes to WindCreek Casino.
Recent improvements include approximately $1,500,000 in capital improvements over the past 36 months, along with about $250,000 spent on HVAC systems.
Key Highlights
- Brick multifamily buildings on slab foundation (year built 1971)
- Individually metered electric and water for each unit
- Washer and dryer connections in all units
Property Analytics
Lease Details
77
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
471
Businesses Nearby
Explore this area
Business Placement
Demographics for 36502, AL
16,050
Population
7,404
Households
2.2
Avg Household Size
41
Median Age
9%
College-Educated
83%
High-School Grad
330.8 sq mi
ZIP Area
49
Density / Sq Mi
$41,136
Median Household Income
$32,651
Median Earnings
$707
Median Rent
$129,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Brick multifamily buildings on slab foundation with individual electric and water meters and washer/dryer connections in all units.
Where is this apartment building located?
The property is located at 156 Patterson Street Atmore, AL.
What is the asking price?
The asking price for this property is $5,625,000.
What are key features of this property?
This property features: Brick multifamily buildings on slab foundation (year built 1971); Individually metered electric and water for each unit; Washer and dryer connections in all units
