1323 Florida Hwy, Atmore, AL

$450,000

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12

Beds

Baths

8,958

Square feet

2.24

Acres

About 1323 Florida Hwy

Exceptional Multi-Family Investment Opportunity Minutes from Atmore, AL! Introducing a prime investment strategically located just 5 minutes from downtown Atmore. This meticulously maintained property commands over 8000 sqft across two stories with 12 beds and 8 1/2 baths. This expansive 2.24+/- acre property redefines possibilities, presenting a multi-family / investment opportunity for those with a keen eye for versatile real estate. From capitalizing on the income potential through rental units to establishing a live/work environment tailored to your professional pursuits, the possibilities are as expansive as the property itself. Offering a surplus of space, the property provides an ideal canvas for various configurations catering to potential tenants or residents. Two Profitable separate 2 bed/1 bath apartments have been used as an Airbnb, presenting an enticing income stream. With private entrances and patios, each of the two units is versatile, catering to short-term rentals, long-term leases, or live/work arrangements. One unit is situated upstairs, while the other is located downstairs. From the spacious deck off the living room to the 552 sqft party/bonus room of the main kitchen, this property's design offers additional income potential as an event venue, or for hosting unforgettable gatherings. The main floor includes 2 primary bedrooms with ensuites, 4 additional bedrooms sharing 2 full Jack-n-Jill style bathrooms, a spacious living room, a convenient 1/2 bath, and a kitchen/dining area designed with the versatility to accommodate various business or residential needs. The lower level features an open common area, perfect for a rec/game room, complete with a functional wood-burning fireplace; accompanied by 2 bedrooms, 2 full baths, a large laundry room, and a storage room. This property offers a strategic advantage with no city or county zoning.

Features of 1323 Florida Hwy

MLS® # 637950
Price $525,000
Sold Price $450,000
Sold Date May 29th, 2024
Bedrooms 12
Bathrooms 8.50
Full Baths 8
Square Footage 8,958
Acres 2.24
Year Built 1975
Type Residential
Sub-Type Single Family Residence
Style Ranch
Status Sold

Community Information

Address 1323 Florida Hwy
Subdivision None
City Atmore
County Other Counties
State AL
Zip Code 36502

Amenities

Utilities Cable Available
Parking Circular Driveway, Driveway, Front Entrance, Guest, Converted Garage
Is Waterfront No
Has Pool Yes
Pool None

Interior

Interior Features Storage, Baseboards, Bookcases, Ceiling Fan(s), Crown Molding, High Speed Internet, In-Law Floorplan, Walk-In Closet(s), Attached Self Contained Living Area, Bonus Room, Game Room, Guest Room/In Law Suite, Gym/Workout Room, Office/Study
Appliances Water Heater, Electric Water Heater, Dryer, Washer, Built In Microwave, Dishwasher, Refrigerator
Heating Multi Units, Heat Pump, Fireplace(s)
Cooling Multi Units, Heat Pump, Ceiling Fan(s)
Fireplace Yes
# of Stories 2
Stories Two
Has Basement Yes
Basement Finished

Exterior

Lot Description Central Access
Windows Double Pane Windows, Blinds, Drapery Rods
Roof Metal
Foundation Off Grade

School Information

Elementary Local School In County
Middle Local School In County
High Local School In County

Additional Information

Zoning County,Unrestricted
Foreclosure No
Short Sale No
HOA Fees Freq. Annually

Listing Details

OfficePHD Real Estate, LLC

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