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$3,000,000
Est. payment /mo
7,566 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,566 sqft
Price per Sqft $396
Subdivision Al
MLS Listing ID 390934
Construction Status Resale
Year Built 2008
Lot Size 3.000 Acres
Lot Dimensions 481' x 268' (+-)
Property Sub-Type Multi Family
Property Description
20 Townhome units in four buildings along with common area land positioned in a gated development. Located in Foley AL, the states fastest growing city in 2025, only 9 miles to Gulf Shores public beach and within a 5-10 minute drive to all Foley has to offer. Renter demand is very strong for this product and this rate of rent in Foley, AL. These units stay rented/occupied with 12 month leases; and provide a consistent strong income with low owner expense. Current rental rates provide a 8.3% CAP rate; per Owner information. This is a rare find in Foley, AL and should be considered by all serious investors! Buyer to verify all information during due diligence.
Location
State AL
County Baldwin
Area Foley 2
Zoning PUD,Other-See Remarks
Interior
Cooling Central Air, Heat Pump
Exterior
Parking Features Covered Attached
Utilities Available Cable Available
Garage No
Building
Lot Description Elevation-High, Level
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Construction Status Resale
Others
Senior Community No
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Listed by Realty Executives Gulf Coast