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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Jessyka Thompson

Jessyka Thompson

+1(251) 202-3954
$ 3,000,000
Est. payment | /mo

7,566 SqFt

Save
$ 3,000,000
Est. payment | /mo
Save

7,566 SqFt

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

Listed by Realty Executives Gulf Coast

Nearby Locations

Jessyka Thompson

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

+1(251) 202-3954

sweethomealabamarealtor@gmail.com

Daphne

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0 Shelene Way