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715 Lawrence St E
Russellville, AL 35653

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Property Details


List Price: $650,000
Beds: 37
Baths: 39
Status: Active
SqFt: 18000
Agency: Sewell Realty

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Description/Comments


Lot Size: 1 acre(s)
Property Type: MultiFamily
Year Built: 1981
Notes: 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.


Listing Provided By: Sewell Realty, original listing
Office Phone: (256) 810-4040
Agent Name: Mike Sewell
Disclaimer: Copyright © 2021 Shoals Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


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