0 Shelene Way, Foley, AL 36535
0 Shelene Way, Foley, AL 36535
0 Shelene Way, Foley, AL 36535
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Katie Ragland

Katie Ragland

+1(256) 366-6974
$3,000,000
Est. payment /mo
7,566 SqFt
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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

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Katie Ragland

Katie Ragland

+1(256) 366-6974

Associate Broker in AL; Realtor® in FL | License ID: AL 152229-2 / FL 3575554

Associate Broker in AL; Realtor® in FL License ID: AL 152229-2 / FL 3575554

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