77-Unit Value-Add Multi-Family Property in Atmore, Alabama
77-Unit Value-Add Multi-Family Property in Atmore, Alabama
Marketing description
• Convenient location just off Highway 21 near retail, dining and major employers
• Minutes to WindCreek Casino
• $1,500,000 in capital improvements over the past 36 months
• Buildings are built of brick on a slab foundation with copper wiring and a mix of copper/PVC plumbing
• Washer and dryer connections in all units
• Metal roofs installed 2 years ago
• Individually metered electric and water
• Trash and pest control provided
• ±$250,000 spent on HVAC systems
Investment highlights
This offering allows a potential investor to purchase a value-add investment opportunity within the stable Atmore market.
156 Patterson Street, a 77-unit community located in Atmore, offers investors a well-maintained brick asset with both recent improvements and value-add potential. Situated just off US Highway 21, the property benefits from immediate access to retail, dining and major employers including WindCreek Casino. Over $1,500,000 has been invested in capital improvements within the past 3 years.
With individually metered utilities, washer/dryer connections in every unit, 156 Patterson Street is positioned for durable cash flow and long-term appreciation.
At no point should tenants or staff be contacted regarding the sale of 156 Patterson Street.
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