25258 HWY 98 $610,000

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    25258 HWY 98 ELBERTA, AL 36530

    • 8.41 Acres
    • Commercial
    MLS# 558656 | Active
    Days On Market: 69 3 Views
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    Property Details

    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

    Contact

    Cindy Morris

    Sales Associate

    RE/MAX Of Orange Beach

    Cell: 251-269-9327

    Neighborhood

    36530 (ELBERTA) Demographics

    39Median Age
    77Population Density (per sq. mile)
    33%College Educated
    $39,771 Estimated Median Income
    1,938Estimated Total Home Owners
    750Estimated Total Renters
    72% / 28%Estimated Owner / Renter Divide
    4Estimated Average Household Size
    7,432Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $267,500 Median Sales Price
    8 Homes Sold
    9 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $610,000
        8/6/2019 12:17:00 PM New in Database Source

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