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Listing Details
- $3,000,000
- MLS# 390934
- Type Commercial - Business
- Status Active
Listed By
Agency Name: Realty Executives Gulf Coast
Agency Phone: 251-968-4300
Shown By
Agency Title: Levin Rinke Realty
Agency Phone: 850-916-5050
Home Value Estimate
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...read more
Features
- Central Air, Heat Pump
- 2.0 Stories
- Public
- Built in 2008
Gallery
Listed By
Agency Name: Realty Executives Gulf Coast
Agency Phone: 251-968-4300
Shown By
Agency Title: Levin Rinke Realty
Agency Phone: 850-916-5050
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