180 State Docks Rd Eufaula, AL 36027
- Commercial real estate
- 24,784 SF
- 3.00 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 180 State Docks Rd
- Year built
- 1986
- Lot size
- 3.00 lot acres
- Property size
- 24,784 SF
- Property type
- Commercial real estate
- APN
- 06-24-03-08-2-001.007.001
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Eufaula
- County
- Barbour
- State
- Alabama
- Longitude
- -85.152814459344
- Latitude
- 31.870256925688