Ten-Unit Apartment
For Sale
$1,100,000
318 State Highway 59, Summerdale, AL 36580
Eight furnished cottages and tiny homes are leased weekly on a commercial-business-zoned site.
Property Size448 SF
Lot Size2.30 Acres
Days on Market319
Property Features for 318 State Highway 59
General Information
Standard status
Active
Size
448 SF
Net Rentable
5,900 SF
Lot size
2.30 Acres
Property subtype
Commercial
Zoning
B-2
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR/1BA, 3 x 1BR/1BA, 1 x studio, 2 x 2BR/1BA
Multifamily Units
10
Additional Details
Furnished
Yes
Building Details
Building Size
448 SF
Year Built
1996
Buildings
9
Stories
1
Listing Agency:
Wise Living Real Estate LLC
(251) 583-8968
Listed By:
Henry Sandy A Wise · License #99130
(251) 583-8968
Source:
Kimwardrealty
Added: Sep 26, 2025
Changed: Aug 10
Last Checked: Aug 10 at 9:27AM
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 Wise Living Real Estate LLC
Investment Insights
Based on property information with market context.
This multifamily property combines eight cottages and tiny homes into ten furnished rental units totaling approximately 5,900 square feet of rentable space. Unit sizes range from approximately 224 to 1,543 square feet and include studios, one-bedroom, two-bedroom, and three-bedroom layouts. Several cottages have been renovated between 2017 and 2024. A separate 144-square-foot laundry building currently serves residents at no charge.
The 2.3-acre property fronts State Highway 59 at 318 State Highway 59 in Summerdale, Alabama. It carries B-2 Commercial Business zoning and includes utility service from Riviera, Point Broadband, and the Town of Summerdale. The units are leased on a weekly basis, with current occupancy reported at 100%. The stated 10% cap rate uses a 10% vacancy factor in its underwriting.
The 2.3-acre property fronts State Highway 59 at 318 State Highway 59 in Summerdale, Alabama. It carries B-2 Commercial Business zoning and includes utility service from Riviera, Point Broadband, and the Town of Summerdale. The units are leased on a weekly basis, with current occupancy reported at 100%. The stated 10% cap rate uses a 10% vacancy factor in its underwriting.
Key Highlights
- Ten furnished rental units across eight cottages and tiny homes
- Approximately 5,900 SF of rentable space on 2.3 acres
- B‑2 (Commercial Business) zoning with State Highway 59 frontage
Property Analytics
Current Use
Lease Details
10
Residential units
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
133
Businesses Nearby
Explore this area
Business Placement
Demographics for 36580, AL
6,663
Population
2,932
Households
2.3
Avg Household Size
41
Median Age
20%
College-Educated
79%
High-School Grad
52.6 sq mi
ZIP Area
127
Density / Sq Mi
$59,138
Median Household Income
$32,456
Median Earnings
$1,043
Median Rent
$238,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Eight furnished cottages and tiny homes are leased weekly on a commercial-business-zoned site.
Where is this apartment building located?
The property is located at 318 State Highway 59 Summerdale, AL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Ten furnished rental units across eight cottages and tiny homes; Approximately 5,900 SF of rentable space on 2.3 acres; B‑2 (Commercial Business) zoning with State Highway 59 frontage
