Florala, AL, 36442, Florala, AL, 36442

Description

📍 Florala, AL 36442 🏡 13 Beds | 8 Baths | 6,564 Sq Ft Historic Building – Seller Financing 📏 Lot Size: 0.51 acres (22,216 sq ft) 🚫 No HOA 🧾 Estimated Monthly Taxes & Insurance: ~$156/month 💥 EMD: $2,890 (1%) 💰 Purchase Price: $289,000 📝 Seller Financing Terms • 💵 Down Payment: 20% = $57,800 • 💰 Interest Rate: 5% • 💳 Payments: Interest-only • 🕒 Balloon: 5 Years • 📄 Monthly P&I: ~$1,204 • 🧾 Monthly PITI: ~$1,360 (incl. est. taxes & insurance) 🔐 Estimated Entry Cost • 💵 Down Payment: $57,800 • 💥 Entry Fee: $5,000 (not included in price) • 🧾 Closing Costs: ~$6,500 ➡️ Total Entry: ~$69,300 💸 Estimated Rent Potential • $2,500 – $3,500/month (subject to buyer’s due diligence & chosen use) 🏷️ Highlights ✅ 6,564 sq ft historic 1920s building ✅ Corner lot with dual road frontage (Wood Ave & 7th St) ✅ Zoned mixed-use (verify with city) ✅ Minutes from Lake Jackson & FL state line ✅ No existing mortgage — clean title ✅ Utilities already on-site 🔄 Exit Strategies • Boutique inn, STR/MTR conversion, or loft apartments • Community use: church, school, or creative co-work hub • Flip to commercial or institutional buyer 📲 DM for comps, creative structuring, or full financial breakdown 📑 Seller financing with simple terms — small town, big opportunity