Residential Income For Sale

5-Unit Multifamily Portfolio | Atmore, AL | 100% Occupied | $54,540 Gross Annual – Five-unit multifamily portfolio held across 4 parcels at 3 scattered sites, 100% occupied at the time of listing. Unit mix is (3) 3BR/2BA, (1) 3BR/2.5BA, and (1) 2BR/2BA, totaling 6,068± sf of leased space. Gross scheduled rent is $4,545/month, or $54,540 annually, averaging $909 per unit. *Average tenancy approximately 3.8 years; longest tenant in place 7 years *Tenants pay power, internet, etc., and maintain their own yards *Owner-paid water $70/month total; taxes estimated at $1,000/year *Central heat and air in all 5 units; roofs and HVAC are approximately 7 years or newer *2 sites inside Atmore city limits, 1 site outside city limits in Perdido. Rent roll by site: 101 SWIFT ST- $995/MONTH. 2 parcels supporting one 80×16 unit, 3BR/2BA, 1,280± sf with a privacy fenced yard. Refrigerator, dishwasher, and stove convey. AC unit is 4 to 5 years old. 60 PERCH ST- $1150/MONTH. 1 parcel with a 48×26 doublewide, 3BR/2.5BA, 1,248± sf, rebuilt after a fire. 3 COLEMAN RD HOMES- $800/MONTH EACH. Located in Perdido with 1 parcel carrying 3 units: two 80×16 at 3BR/2BA, 1,280± sf, and one 70×14 at 2BR/2BA, 980± sf. Owner costs stay low, and tenants carry what they use. Atmore sits on the I-65 corridor between Mobile and Pensacola, an hour from the Gulf, anchored by Wind Creek and steady local industry that keeps workforce housing demand consistent. The rent is in place. The tenants have stayed. The work of establishing this one has already been done. Call to request the rent roll and schedule a tour.