Description
Excellent investment opportunity for income-producing property in a high-traffic, designated growth area in Demopolis. Building interior has been demoed to be completed as 26-unit motel, studio apartments, 13 one-bedroom condominiums or a combination of both. A fire suppression sprinkler system, new roof and siding has been installed throughout the building. One unit has been converted and finished as a one-bedroom condo with full kitchen and tiled bath. All decks and balcony are newly-floored with Trex with a great view of the marina and river. Parking and boat storage underneath along with an office, bathroom and laundry. All necessary variances have been approved by the City of Demopolis and property is in an opportunity zone. Call agent for fact sheet.
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0BEDS
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0.52ACRES
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0BATHS
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01/2 BATHS
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8,967SQFT
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$50$/SQFT
School Ratings & Info
Description
Excellent investment opportunity for income-producing property in a high-traffic, designated growth area in Demopolis. Building interior has been demoed to be completed as 26-unit motel, studio apartments, 13 one-bedroom condominiums or a combination of both. A fire suppression sprinkler system, new roof and siding has been installed throughout the building. One unit has been converted and finished as a one-bedroom condo with full kitchen and tiled bath. All decks and balcony are newly-floored with Trex with a great view of the marina and river. Parking and boat storage underneath along with an office, bathroom and laundry. All necessary variances have been approved by the City of Demopolis and property is in an opportunity zone. Call agent for fact sheet.