715 E Lawrence St E , #37

    Russellville, AL 35653
    • $725,000
    • STATUS: Active
    • ON SITE: 717 days
    • MLS #: 422571
    UPDATED: 63 min ago
    $725,000
    • 37
      BEDS
    • 1-2.99 acres
      ACRES
    • 37
      BATHS
    • 2
      1/2 BATHS
    • 18,000
      SQFT
    • $40
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1985

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    First (east) phase built in 1981. Second phase built in 1984. Originally built as a assisted living facility. Major renovation in mid 1990's when a gable roof system was added. Was operated as an independent living up until 2014. In 2015 the entire roof was replaced. In 2016 was sold for the intended purpose of operating a residency youth facility. City approved zoning. Renovation never completed and facility never reopened. All rooms have separate heating and cooling units. Approximately 1/3 has fresh paint walls and ceilings. Local research indicates there is demand for rehab children housing. There also appears to be a demand for efficiency housing. A well managed independent living facility would only have one local competitor.

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    © 2020 Shoals Area Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or MarMac Real Estate. Data last updated: 2020-05-24T17:32:29.073.
    www.shoalsareahomes.com/homes/84333808

    715 E Lawrence St E , #37 Russellville, AL 35653

    • Price: $725,000
    • Status: Active
    • Updated: 63 min ago
    • MLS #: 422571
    37
    Beds
    37
    Baths
    2
    ½ Baths
    1-2.99 acres
    Acres
    18,000
    SQFT
    $40
    $/SQFT
    1985
    Built
    Neighborhood:
    None
    Area:
    Franklin County
    Elementary School:
    City
    Middle School:
    City
    High School:
    City
    Property Description
    First (east) phase built in 1981. Second phase built in 1984. Originally built as a assisted living facility. Major renovation in mid 1990's when a gable roof system was added. Was operated as an independent living up until 2014. In 2015 the entire roof was replaced. In 2016 was sold for the intended purpose of operating a residency youth facility. City approved zoning. Renovation never completed and facility never reopened. All rooms have separate heating and cooling units. Approximately 1/3 has fresh paint walls and ceilings. Local research indicates there is demand for rehab children housing. There also appears to be a demand for efficiency housing. A well managed independent living facility would only have one local competitor.
    Exterior Features

    Lot Dimensions 180 X 466 Road Frontage 466 Waterfront No Waterfront Info None

    Interior Features

    Unfinished Sq Ft 0

    Property Features

    Num Buildings 1 Utilities BroadbandDslCable InternetPublic WaterCable TvGas NaturalSewer ConnectedCable Tv AvailableGas Natural AvailableWater-Public

    Listing information © 2020 Shoals Area Association of Realtors MLS.
    Listing provided courtesy of Mike Sewell of Sewell Realty.


    © 2020 Shoals Area Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or MarMac Real Estate. Data last updated: 2020-05-24T17:32:29.073.
     
    MarMac Real Estate
    1687 Highway 72
    Killen AL, 35645