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110 Yacht Basin

DEMOPOLIS, AL 36732
  • $449,000
  • STATUS: Active
  • ON SITE: 136 Days
  • MLS #: 144345
UPDATED: 16 min ago
$449,000
  • 0
    BEDS
  • 0.52
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,967
    SQFT
  • $50
    $/SQFT
Type:
Multi-Family
Built:
1986
County:

School Ratings & Info

Description

Excellent investment opportunity for an income-producing property in a high-traffic growth area in Demopolis. Each room has been prepped to be completed as 26-unit motel, 26 studio apartments, 13 one-bedroom condominiums or a combination of both plus there is a resident manager apartment in the building. A new fire suppression sprinkler system, new roof and siding, and Trex decking has been installed. Two of the rooms have been combined and completed as a one-bedroom condo with full kitchen and tiled bath. Office, laundry room and parking with boat storage are underneath building. All variances have been approved by the City of Demopolis and property is in an opportunity zone. Owner financing is available for qualified buyer. Call agent for fact sheet and architect plans.

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© 2021 West Alabama Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Alice Maxwell Team - Keller Williams Tuscaloosa. Data last updated: 2021-10-19T10:50:22.72.

www.alicemaxwell.com/homes/117924653
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110 Yacht Basin DEMOPOLIS, AL 36732

  • Price: $449,000
  • Status: Active
  • Updated: 16 min ago
  • MLS #: 144345
0
Beds
0
Baths
0
½ Baths
0.52
Acres
8,967
SQFT
$50
$/SQFT
1986
Built
Neighborhood:
(07) Outside Tuscaloosa - Not Neighboring
County:
Marengo
Area:
(07) Outside Tuscaloosa - Not Neighboring
Property Description
Excellent investment opportunity for an income-producing property in a high-traffic growth area in Demopolis. Each room has been prepped to be completed as 26-unit motel, 26 studio apartments, 13 one-bedroom condominiums or a combination of both plus there is a resident manager apartment in the building. A new fire suppression sprinkler system, new roof and siding, and Trex decking has been installed. Two of the rooms have been combined and completed as a one-bedroom condo with full kitchen and tiled bath. Office, laundry room and parking with boat storage are underneath building. All variances have been approved by the City of Demopolis and property is in an opportunity zone. Owner financing is available for qualified buyer. Call agent for fact sheet and architect plans.
Exterior Features

Construction Materials Vinyl Siding Parking Features CoveredParking Space(S) Roof Metal

Interior Features

Cooling See Remarks Flooring Other Heating See Remarks

Property Features

Lease Considered No Property Sub Type Multi Family Utilities Electricity Available

Listing provided courtesy of Lee Foster of Keller Williams Realty Tuscaloosa.
© 2021 West Alabama Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Alice Maxwell Team - Keller Williams Tuscaloosa. Data last updated: 2021-10-19T10:50:22.72.

 
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The Alice Maxwell Team - Keller Williams Tuscaloosa
1490 Northbank Parkway, Suite 180
Tuscaloosa AL, 35406