Map of Property

Eastlawn Apartments and Commercial Properties

For Sale

1811 Hwy 69 N, CULLMAN, AL 35058

This CULLMAN property for sale is located at 1811 Hwy 69 N. The current listed sale price for Eastlawn Apartments and Commercial Properties is $1,300,000.

Contacts

broker

Richard (Rick) Chenault

SVN | AVAT Realty

(256) 726-9096

Property Details

  • Property Type Multi-Family
  • Property Size 13,184 SF
  • Units 14
  • Year Built 1994
  • Date Updated Apr 23, 2024
Cullman is the largest city and county seat of Cullman County, Alabama, United States. It is located along Interstate 65, about 50 miles north of Birmingham and about 55 miles south of Huntsville.This property located in Cullman Al, consists of 12 Multifamily units, and 2 commercial units and is priced at $75k/unit on apartments and $400k on commercial land and buildings. The apartments currently have a total average rent of $563, with a target of cutting loss to lease to bring that average over $700 within the next year. One commercial unit is a Screen printing Business has been there for 5 + years and pays $1,500/month in rent with the ability to raise rents up to $2,000/month. The second unit is occupied by a Fire and Water restoration Business Also 5 + Years, and pays $800/month with the ability to raise rents to $1,200/month.

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Highlights

  • 10 of the 12 units have new HVAC systems. Other two do not need to be replaced.
  • 3 units renovated in past year as tenants move out
  • The goal is to raise rents to $700-$800 on apartments with the new renovations in place

Getting around

  • 6/100

    Walk Score ®

  • 14/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City CULLMAN, AL
  • Zip Code 35058

Points of Interest

  • Jet Pep

    1.14 miles

  • Shell

    4.87 miles

  • Jet-Pep

    5.24 miles

  • Murphy USA

    5.43 miles

  • Jet-Pep

    5.50 miles

  • Marathon

    5.82 miles

  • Pure

    5.97 miles

  • Chevron

    6.39 miles

  • Shell

    8.04 miles

  • Comfort Suites

    5.68 miles

  • La Quinta Inn & Suites

    5.69 miles

  • Holiday Inn Express & Suites

    5.74 miles

  • Sleep Inn & Suites

    5.83 miles

  • Hampton Inn Cullman

    5.94 miles

  • Publix

    4.62 miles

  • Belk

    4.69 miles

  • Ross

    4.70 miles

  • ALDI

    5.27 miles

  • TJ Maxx

    5.28 miles

  • Walmart Supercenter

    5.47 miles

  • Walmart Supercenter

    5.47 miles

  • S & S Foods

    9.07 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Richard (Rick) Chenault

SVN | AVAT Realty

(256) 726-9096