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    180 State Docks Rd Eufaula, AL 36027

    Sponsored
    For Sale
    $3,200,000

    32-unit multifamily investment opportunity

    Property size:
    24,784 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 32-unit apartment complex, Timberland Apartments, presents a compelling investment opportunity in Eufaula, Alabama. Priced at $3,200,000, this property boasts 24,784 square feet situated on approximately 3 acres of land. Built in 1986, the complex offers a strong rental income stream with a price per unit of $100,000 and a price per square foot of $129.12. Conveniently located on 180 State Docks Rd, Eufaula, AL 36027, the property enjoys a prime location near Lake Eufaula and US Route 431, ensuring easy access to transportation. On-site amenities include a leasing office and a laundromat, enhancing tenant convenience and operational efficiency. The property benefits from its proximity to a wide array of retail establishments, including popular fast-food restaurants (Chick-fil-A, Burger King, Wendy's, Sonic, Dairy Queen, Waffle House), auto parts stores (O'Reilly, Advanced Auto Parts), grocery stores (Piggly Wiggly, Winn-Dixie, Dollar General, Dollar Tree), pharmacies, and other essential services. Schools, churches, and medical facilities are also conveniently located nearby. This well-positioned multifamily property offers a significant opportunity for investors seeking a strong return on investment in a desirable Alabama market. The property's APN is 06-24-03-08-2-001.007.001.

    Property Features for 180 State Docks Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    24,784 SF
    Lot Size
    130,680 SF

    Building Details

    Year Built
    1986
    Units
    32

    HighLights

    • 32‑unit multifamily property offering substantial rental income potential.
    • Excellent Eufaula location with Lake Eufaula access.
    • Attractive floor plans designed for tenant appeal.
    • Convenient access to transportation, shopping, and dining.
    • On‑site laundromat.
    • On‑site leasing office.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Eufaula
    County
    Barbour
    State
    Alabama
    Longitude
    -85.152814459344
    Latitude
    31.870256925688

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      Timberland Apartments: 32 Units

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    FAQs

    What type of property is this?
    Multifamily property - 32-unit multifamily investment opportunity
    Where is this multifamily property located?
    The property is located at 180 State Docks Rd Eufaula, AL.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: 32-unit multifamily property offering substantial rental income potential.; Excellent Eufaula location with Lake Eufaula access.; Attractive floor plans designed for tenant appeal.
    Request Owner's contact information
    180 State Docks Rd Eufaula, AL 36027
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    Eufaula, AL 36027
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    180 State Docks Rd Eufaula, AL 36027
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