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 |
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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 |
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Subdivision | None |
City | Atmore |
County | Other Counties |
State | AL |
Zip Code | 36502 |
Amenities
Utilities | Cable Available |
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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 |
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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 |
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Windows | Double Pane Windows, Blinds, Drapery Rods |
Roof | Metal |
Foundation | Off Grade |
School Information
Elementary | Local School In County |
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Middle | Local School In County |
High | Local School In County |
Additional Information
Zoning | County,Unrestricted |
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Foreclosure | No |
Short Sale | No |
HOA Fees Freq. | Annually |
Listing Details
Office | PHD Real Estate, LLC |
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