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318 State Highway 59 N, 
Summerdale, AL 36580

$1,100,000

—

Bed

—

Bath

-

Sq Ft

Multi-Family

Active

Listed by

Henry Wise

, 

Laura Norton

Wise Living Real Estate, LLC.

251-928-9473

Last updated:

August 30, 2026, 02:17 PM

MLS#

7827193

Source:

AL MAAR

About This Home

318 State Highway 59 N

Perfect investment opportunity on 2.3 acres with 8 tiny homes with approximately 5,900 square feet of rentable space. Current at 100% occupancy this property located on Highway 59 is in the heart of Summerdale. The property includes eight cottages/tiny homes (ten rental units total) with approximately 5,900 square feet of rentable space. All units are furnished and leased on a weekly basis. Riviera provides electricity, Point Broadband provides internet, and the Town of Summerdale provides water and sewer. Although the property is currently 100% occupied, a 10% vacancy expense has been applied in the underwriting to reflect realistic long-term performance and to calculate the stated 10% cap rate.

Home Facts

Multi-Family

Built in 1996

Subdivision & Development:

Metes & Bounds

Price Summary

1,100,000

MLS #:

7827193

Last Updated:

August 30, 2026, 02:17 PM

Added:

22 day(s) ago

Structure

Structure

Year Built:

1996

Lot

Lot Size (Sq. Ft):

100,187

Finances & Disclosures

Finances

Price:

$1,100,000

Source:AL MAAR
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.