$1,500,000
$1,800,000
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51 Beds
34 Baths
25,636 SqFt
SOLD DATE : 03/09/2021
Key Details
Sold Price $1,500,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 25,636 sqft
Price per Sqft $58
MLS Listing ID 296043
Sold Date 03/09/21
Bedrooms 51
Full Baths 34
Construction Status Resale
Year Built 1965
Annual Tax Amount $12,570
Lot Size 0.960 Acres
Lot Dimensions 222 x 224 x 115 x 75 x 150
Property Sub-Type Multi Family
Property Description
Catherine Arms Apartments is a 34-unit apartment complex centrally located at Catherine and Government St. The complex is currently 97% occupied!! The property consists of 18 one bedroom, one bath units(640sq ft), and 16 two bedrooms, one bath (868sq ft). NEW roof in December 2018, and NEW exterior painting at the entrance January 2020. All units are all electric, come with central heat and air, and consist of a large living room, stove, refrigerator, and dishwasher. Each unit has a private outside storage locker, and there are laundry facilities on both floors. Owner pays for water, sewer, common lighting, and trash pickup. Listing agent makes no representation to square footage accuracy. Listing agent related to seller. NET OPERATING INCOME FROM 1-1-20 TO 6-12-20 IS $32,688. Listing agent makes no representation to square footage accuracy. Buyer or buyer's agent to verify all measurements/information deemed important. Listing agent related to seller.
Location
State AL
County Mobile
Area Other Area
Zoning Other-See Remarks
Interior
Interior Features Eat-in Kitchen, Living Room, Ceiling Fan(s)
Heating Electric, Central
Cooling Central Electric (Cool), Ceiling Fan(s)
Flooring Carpet, Tile, Vinyl, Laminate
Fireplaces Type None
Fireplace No
Appliance Electric Water Heater, Dishwasher, Electric Range, Refrigerator
Laundry Common Area
Exterior
Exterior Feature Storage, Termite Contract
Parking Features None
Community Features BBQ Area
Waterfront Description No Waterfront
View Y/N No
View None/Not Applicable
Roof Type Composition,Ridge Vent
Attached Garage false
Garage Yes
Building
Water Public
New Construction No
Construction Status Resale
Schools
Elementary Schools Not Baldwin County
High Schools Not Baldwin County
Others
Ownership Whole/Full
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Bought with Roberts Brothers Eastern Shore
Realty Executives Gulf Coast