156 Patterson Street Atmore, AL 36502

Building Details

Year Built

1971

Listing agency CRE Mobile p***@peeblescameron.com Show Phone

Listed by Pete Riehm · License #AL 000090093

Source Crexi

Added: May 18 Updated: Jul 21 at 3:45AM Checked: Jul 21 at 3:45AM

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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.

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

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FAQs

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