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$ 3,000,000
Est. payment /mo
Active
0 Shelene Way Foley, AL 36535
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 390934
Construction Status Resale
HOA Y/N No
Year Built 2008
Property Sub-Type Multi Family
Source Baldwin County
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
Zoning PlannedUnitDevelopment,OtherSeeRemarks
Rooms
Dining Room OtherSeeRemarks
Interior
Heating Heat Pump, Electric
Flooring Tile, Carpet
Heat Source Heat Pump, Electric
Exterior
Utilities Available Cable TV, Water City, Sewage City, Total Electric
Roof Type Composition Shingle
Building
Lot Description Level, Elevation High
Construction Status Resale
Others
Special Listing Condition None
Listed by Realty Executives Gulf Coast