Building Details

Tenancy Multi

Listing Agency: Merrifield & Pilcher Realty

Listed By: Christa V Merrifield · License #689338 Show Phone

Source: Emeraldcoasthomefinder

Added: Sep 10, 2025 Changed: Sep 9 Last Checked: Sep 13 at 11:33AM

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Investment Insights

Based on property information with market context.

This 40-unit apartment complex offers all units configured as 1 BR and 1 BA, each with a living room, kitchen, and large closet space. The property also includes an office and paved parking, and features an onsite manager. Property management is described as in place, and the complex is noted as well maintained.

The complex is located in Andalusia, just behind the hospital, with proximity to shopping, schools, parks, and the hospital cited as part of the convenience for residents.

The offering includes 9 standalone complexes within the overall apartment complex configuration.

Key Highlights

• 40‑unit apartment complex in Andalusia, all units are 1 BR and 1 BA with living rooms and kitchens
• Units include large closet space for added storage
• Property includes 9 standalone complexes

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Real Estate Agency Plumbing Service Garden Center Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store

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

40

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

286

Businesses Nearby

Explore this area Business Placement

Demographics for 36420, AL

10,796

Population

5,147

Households

2.1

Avg Household Size

43

Median Age

25%

College-Educated

85%

High-School Grad

267.9 sq mi

ZIP Area

40

Density / Sq Mi

$50,126

Median Household Income

$36,374

Median Earnings

$659

Median Rent

$163,900

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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40-Unit Apartment Complex

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Frequently Asked Questions

What type of property is this?

Apartment building - Forty 1-bedroom, 1-bath units with living rooms and kitchens, plus office space, paved parking, and an onsite manager.

Where is this apartment building located?

The property is located at 700 Village Square Dr Andalusia, AL.

What is the asking price?

The asking price for this property is $449,900.

What are key features of this property?

This property features: 40‑unit apartment complex in Andalusia, all units are 1 BR and 1 BA with living rooms and kitchens; Units include large closet space for added storage; Property includes 9 standalone complexes