0 Shelene Way, Foley, AL 36535
0 Shelene Way, Foley, AL 36535
0 Shelene Way, Foley, AL 36535
0 Shelene Way, Foley, AL 36535
0 Shelene Way, Foley, AL 36535
0 Shelene Way, Foley, AL 36535
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Stephanie McBride

Stephanie McBride

+1(251) 360-0568
$ 3,000,000
Est. payment | /mo
Save
$ 3,000,000
Est. payment | /mo
Save

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

Nearby Locations

Stephanie McBride

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(251) 360-0568

stephanie@anotherdoorprop.com

1 Chase Corporate Drive Suite 400, Birmingham, AL 35244, United States

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0 Shelene Way