Address
715 E Lawrence St E # 37 Russellville, AL
Price
$ 650,000
Property Attributes
  • MLS#422571
  • TypeMulti-Family
  • CountyFRANKLIN
  • CityRussellville
  • AreaFranklin County
  • Zip35653
  • StyleMulti-Family
  • Price$ 650,000
  • Bedrooms37
  • Full Bathrooms37
  • Half Bathrooms2
  • Sqr Footage18000
Listing Provided Courtesy Of:
Sewell Realty
Data Source:
Shoals Area Association of REALTORS
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.

Elementary School Middle School High School
City Elementary School City Middle School City High School
Price History
6/6/2018 Listed $875,000
1/14/2019 10% - $790,000
7/8/2019 4% - $765,000
1/24/2020 6% - $725,000
6/9/2020 5% - $695,000
11/25/2020 7% - $650,000

General Features

Acres 1.77
Beds 37
Cooling 3+ Window Units
Elementary School City
Full Baths 37
Half Baths 2
High School City
Listing Area Franklin County
Listing Type Multi-Family
Middle School City
Number of Buildings 1
Road Frontage 466
Roof Wood Rafters, Shingle
Status Active
Status Active
Subdivision None
Utilities Broadband, DSL, Cable Internet, Public Water, Cable TV, Gas Natural, Sewer Connected, Cable TV Available, Gas Natural Available, Water-Public
Year Built 1981

Interior Features

Total Bldg Size (sqft) 18000

Exterior Features

Lot Dimensions 180 X 466
Waterfront Info None

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 35653

Price
AVG $650K
$650K
Visits
AVG 8
7
Year Built
AVG 1981
1981
Walkscore
AVG 47
47
Data Provided by Walkscore ® not using MLS data