Listing Agency: Beycome Brokerage Realty s***@beycome.com Show Phone

Listed By: Steve Koleno · License #BK3469487 Show Phone

Source: Exprealty

Added: Jan 27 Changed: Aug 25 Last Checked: Aug 29 at 3:45PM

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Investment Insights

Based on property information with market context.

This property features eight townhome-style apartments, each containing two bedrooms and one bathroom. Each unit has separate electric meters, central heat and air, and washer and dryer hookups. Constructed with brick and metal roofs, the property is connected to city water and sewer services. Located in Marengo County, Alabama, the property offers potential for a significant return on investment. The units are currently renting for $800 per month. The property size is 7728 square feet.

Key Highlights

• 16%+ Net Return on Investment
• Eight 2 bed/1 bath townhome units
• Separate Electric Meters

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Building Supply Kitchen & Bath Showroom Furniture & Home Goods Plumbing Service Cafe & Coffee Shop

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

Location Intelligence

Trade Area within ½ mile

189

Businesses Nearby

Explore this area Business Placement

Demographics for 36748, AL

2,929

Population

1,431

Households

2

Avg Household Size

46

Median Age

14%

College-Educated

85%

High-School Grad

139.5 sq mi

ZIP Area

21

Density / Sq Mi

$31,635

Median Household Income

$30,391

Median Earnings

$753

Median Rent

$92,000

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - Eight-unit townhomes in Marengo County, Alabama, with value-add potential.

Where is this apartment building located?

The property is located at 607 S Mobile St Linden, AL.

What is the asking price?

The asking price for this property is $299,900.

What are key features of this property?

This property features: 16%+ Net Return on Investment; Eight 2 bed/1 bath townhome units; Separate Electric Meters