25258 Hwy 98, ELBERTA

$610,000

0 Beds
0 Baths
0 Sqft
8.41 Acres
0 Garages

Sonnenblink Apartments are located just east of the city limits of Elberta, Alabama. The property is comprised of a +/- 8.41 acre site that has been improved with a one-story, 16-unit apartment complex. The complex has four apartment buildings and one office/laundry facility. The improvements are comprised of +11,592 square feet. The property has eight two-bedrooms units and eight one-bedroom units. Ancillary site improvements include a paved asphalt parking lot, signage, and mailbox stand. The improvements were constructed in 1986. The average rent for the one bedrooms is $406.00 and $432.00 for the two bedrooms. USDA Rural Development may provide funding to make this purchase possible. Funding includes 100 percent RA a one percent loan for purchase and a $50,000 grant for purchase expenses. For 180 days, the listing is reserved for non-profit organizations and public agencies. For the first 60 days, the property is reserved for local non-profits and public agencies. After 60 days, it can be marketed to regional and national non-profit organizations and public agencies. (State and local agencies will have priority over regional and national). Rural Development Servicing Office USDA Bay Minette Area Office 207 Faulkner Dr. Ste 102 Bay Minette, AL 36507 Area Director (251) 937-3297 Ext 5

Essential Information
MLS® #558656
Price$610,000
Acres8.41
TypeCommercial Sales
Sub-TypeMULTI RESIDENTIAL
StatusActive
Community Information
Address25258 Hwy 98
AreaBALDWIN
CityELBERTA
CountyBALDWIN
StateAL
Zip Code36530
Exterior
Lot Description897
Additional Information
ZoningR-1 SF DIST, LOW DENS
Listing Details
OfficeKEY CONCEPTS REALTY, INC
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