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11261 Lawngate Road Athens, AL $ 1,555,000
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$ 1,555,000 Get more info
11261 Lawngate Road
$ 1,555,000
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Share Save

11261 Lawngate Road

Athens, AL, 35611
$ 1,555,000
Bedrooms12 Baths12.0 Sq 1,456

Monthly Estimate*

$ 9,313

11261 Lawngate Road, Athens, AL 35611 - Image 1
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Multi-Family Home for sale in Athens, AL

for $1,555,000 with 12 bedrooms and 12 full baths. This 1,456 square foot home was built in 1990 on a lot size of 4.8.

Prime investment opportunity! 12 units on a 5 acre developable lot! 4 buildings, 3 units in each building. Units are fully renovated with new flooring, paint, appliances, tile, hardware, and faucets. This property has 4 large units (one in each building) and 8 small units. Property is fully rented with a waitlist. Opportunity to build more units on the property and double your income! Property is parceled into 4 addresses: 11570, 11510 SHAW RD & 11405 & 11261 LAWNGATE RD. Rent includes water, electric, and trash. Tenants pay WIFI. Limestone water, Athens utilities. Small units: $950/mo Large units: $1050-$1100/mo. Fully rented.

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Multi-Family Active

Price

$ 1,555,000

Bedrooms

12

Full Bath

12

Property Type

Multi-Family

Taxes

$ 0

Style

Multi Family

Lot Size

4.8

Year Built

1990

Town/City

Athens

County/Region

Limestone

MLS | Web ID

21868055
Features
General
Sewer Public Sewer
Heating Electric Wall Furnace
Cooling Wall Unit(s)
Exterior Features Curb/Gutters
Year Built 1990
PropertySubType Multi Family
Gross Income 130200
County LIMESTONE
Net Operating Income 111900
Insurance Expense 3500
New Construction No
Property Type Residential Income
Subdivision Name Metes And Bounds
Status ACTIVE
Directions Turn Right Onto Nuclear Plant Rd 5.1 Mi Turn Left Onto Cowford Rd/Nuclear Plant Rd 0.2 Mi Turn Right Onto Nuclear Plant Rd 2.2 Mi Turn Right Onto Shaw Rd.
High School Clements
City Athens
Zoning Description Residential
NumberOfUnitsTotal 12
Lot Size Units Acres
Lot Size Square Feet 209088
Elementary School Bluesprings Elementary
Listing Agent State License 129033
Co-Listing Agent Last Name Sahara Embry
Middle/Junior High School Clements
Trash Expense 0
Listing Agent Name Victoria Fielder
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Legal Description COMM NE COR W 2591.73 W 48.21 S 1984.95 W 1005 POB S 660 W 238 N 100 W 100 N 460.08 E 75 N 50 W 75 N 49.92 E 338 POB SEC 14 6
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Exterior
Parking Features Driveway-Gravel
Water Source Public
Total Parking 24
Lot Size Area 4.8
Number of Buildings 4
Building Area Total 1456
Lot Size Acres 4.8
Open Parking Y/N Yes
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Interior
Air Conditioning Y/N Yes
Heating Y/N Yes
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Internal Only
OriginalMLSID 21868055
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* Excluded Features
List By
Capstone Realty

Broker

(219) 477-8856

Phone

Affordability Calculator

$9,313
Per Month
100%
0%
0%
Monthly Principal & Interest
$9,313
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
769336 Elementary School
769285 Middle School
Clements High School High School
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Pricing History
DatePricePrice ChangeDescription
8/9/2024$1,555,000 Listed Price

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11261 Lawngate Road, Athens, AL, 35611 is a Multi-Family Home for sale at $1,555,000 with 1,456 sqft and a lot size of 4.8. 11261 Lawngate Road has 12 bedrooms, 12.0 baths, and was built in 1990. The property's zip code is 35611 which is in Athens, AL

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