Presented by: RE/MAX of Orange Beach;
Property Description
12-unit Foley investment offered at $1,915,000. Six duplexes (12 residences) built 2017–2018: four 2bed/1bath, four 3bed/1bath, and four 4bed/2bath units. Eleven of twelve units leased at listing; one vacancy. Two-year average gross income is approximately $181,000. Current rent roll and floor plans in MLS docs. Includes a 1,200 sq ft metal building with electricity. Newer construction, mixed unit sizes, and high occupancy in a growing Foley market near shopping, medical, OWA, and a short drive to the beaches. Buyer to verify all information during due diligence.
Interior Features
Bedrooms
Total Bedrooms36
Bathrooms
Half Baths0
Total Baths16
Other Interior Features
LivingAreaSource0 sqft
Fireplace Y/NNo
FlooringCarpet, Luxury Vinyl Plank
Furnished Y/NUnfurnished
Heating Y/NYes
Interior AmenitiesCeiling Fan(s)
Total Fireplaces0
General
AppliancesRefrigerator, Electric Range
Architectural StyleDuplex
Assoc Fee Paid PerMonthly
CityFoley
Community FeaturesNone
CountyBaldwin
DirectionsFrom Hwy 59, turn west onto W Peachtree Ave. Turn left onto N Pine Street. The duplexes will be on your left.
Elementary SchoolFoley Elementary
Full Baths16
Garage Y/NNo
HOANo
HOA Fee$0
HeatingElectric
High SchoolFoley High
Home Warranty Y/NNo
MLS AreaBaldwin
Middle/Junior High SchoolFoley Middle
Pool FeaturesNone
PossessionOther Possession/See Remarks
Property SubtypeResidential Attached
Property TypeResidential
RoofMetal
Standard StatusActive
StatusActive
Stories Count1
Subdivision NameWilson Addition
Tax Annual Amount$0
UtilitiesRiviera Utilities
Waterfront FeaturesNo Waterfront
Year Built2017
Exterior
Lot FeaturesLevel, Inside Lot, Less Than 1 Acre
Lot Size Acres0.291
Number of Lots6
Parking FeaturesNo Garage/Carport Parking
Additional Details
Price History
Similar Properties
ORANGE BEACH SALES OFFICE
1-800-221-6180
24325 Perdido Beach Blvd, Orange Beach, AL 36561