16

715 LAWRENCE ST E # 37 Russellville, AL 35653

$585,000

Bedrooms

Total Baths

Full Baths

18,000

Square Feet

1.77

Acres

1981

Year Built

104 days

On Website

Active

Status

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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Details


Interior
Flooring
Carpet, Tile (flooring)
Living Area
18,000 SqFt.

Building And Construction
Number Of Units Total
37
Property Sub Type
Multi Family
Property Type
Residential Income
Year Built
1981

Exterior And Lot
Lot Size Acres
1.77
Lot Size Square Feet
77101
Zoning
R3

Utilities
Cooling
Window Unit(s)
Heating
Wall Furnace

Area And Schools
City
Russellville
County Or Parish
Franklin
Elementary School
City
High School
City
Middle Or Junior School
City
Subdivision Name
None

Financial Info
Tax Annual Amount
$7,000.00

Listing By Sewell Realty

MLS# 163863

Data Last Updated 4:07PM - 9/19/2021

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