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Timberland Apartments 180 State Docks Rd 32 Unit Apartment Building $3,200,000 ($100,000/Unit) Eufaula, AL 36027
Investment Highlights
- 32 units, providing a significant opportunity for rental income
- Proximity to transportation, shopping, and dining options
- Appealing floor plans to tenants seeking comfortable living spaces
- Prime location in the Eufaula area, with access to Lake Eufaula
- Leasing office
- Laundromat on site
Executive Summary
This property, known as Timberland Apartments, is listed for purchase at $3,200,000 and consists of 32 units / apartments on +/- 3 acres of land. A leasing office is located on the property along with a laundromat. This property is located in Eufaula, AL next to Lake Eufaula and right off U.S. Route 431 for traveling purposes. Local retailers include Chick-fil-A, Burger King, O-Reilly Auto Parts, Wendy's, Sonic Drive-In, Dairy Queen, Waffle House, Circle K gas station, Piggly Wiggly, Dollar Tree, Sunoco gas station, Subway, Dollar General, McDonald's, Advanced Auto Parts, Marathon gas station, Pizza Hut, Aaron's Rent To Own furniture store, Winn-Dixie and Tractor Supply Co. Schooling, churches and family physicians are also within close proximity to the property.
Call listing broker, Dave Jackson, for showing: 706-587-8660 Personal | Office: 706-660-5418
Call listing broker, Dave Jackson, for showing: 706-587-8660 Personal | Office: 706-660-5418
Property Facts
| Price | $3,200,000 | Building Class | C |
| Price Per Unit | $100,000 | Lot Size | 3.00 AC |
| Sale Type | Investment | Building Size | 24,784 SF |
| No. Units | 32 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1986 |
| Property Subtype | Apartment | Parking Ratio | 2.1/1,000 SF |
| Zoning | RMF - Residential Multi-Family | ||
| Price | $3,200,000 |
| Price Per Unit | $100,000 |
| Sale Type | Investment |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 3.00 AC |
| Building Size | 24,784 SF |
| No. Stories | 2 |
| Year Built | 1986 |
| Parking Ratio | 2.1/1,000 SF |
| Zoning | RMF - Residential Multi-Family |
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Property Taxes
| Parcel Number | 24-03-08-2-001-007-001-0 | Improvements Assessment | $233,200 |
| Land Assessment | $62,080 | Total Assessment | $295,280 |
Property Taxes
Parcel Number
24-03-08-2-001-007-001-0
Land Assessment
$62,080
Improvements Assessment
$233,200
Total Assessment
$295,280
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Timberland Apartments | 180 State Docks Rd
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