318 State Highway 59 N, Summerdale, AL 36580
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318 State Highway 59 N, Summerdale, AL 36580
318 State Highway 59 N, Summerdale, AL 36580
318 State Highway 59 N, Summerdale, AL 36580
318 State Highway 59 N, Summerdale, AL 36580
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Amy Cuny

Amy Cuny

+1(251) 709-4331
Listed by Henry Wise • Wise Living Real Estate, LLC
$ 1,100,000
Est. payment /mo
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318 State Highway 59 N Summerdale, AL 36580

2.3 Acres Lot

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

MLS Listing ID 7827193

Year Built 1996

Annual Tax Amount $3,850

Tax Year 3850

Lot Size 2.300 Acres

Property Description

Perfect investment opportunity on 2.3 acres with 8 tiny homes. Current at 100% occupancy this property located on Highway 59 is in the heart of Summerdale. The property includes eight cottages/tiny homes (ten rental units total) with approximately 5,900 square feet of rentable space. All units are furnished and leased on a weekly basis. Riviera provides electricity, Point Broadband provides internet, and the Town of Summerdale provides water and sewer. Although the property is currently 100% occupied, a 10% vacancy expense has been applied in the underwriting to reflect realistic long-term performance and to calculate the stated 10% cap rate.

Location

State AL

County Baldwin - Al

Direction Heading South on Highway 59 from I-10: Follow 59 South past Robertsdale into Summerdale, the drive into the Cottages is approx. .1 of a mile past Summerdale Self Storage.

Interior

Heating Central

Cooling Central Air

Flooring Vinyl

Exterior

Fence None

Community Features None

Utilities Available Electricity Available

Waterfront Description None

View Y/N true

View Rural

Roof Type Composition

Building

Lot Description Level

Sewer Public Sewer

Water Private

Level or Stories One

Schools

Elementary Schools Summerdale

Middle Schools Summerdale

High Schools Robertsdale

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Amy Cuny

Amy Cuny

Broker Associate License ID: 104095073

+1(251) 709-4331

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318 State Highway 59 N