Listing Details
- $189,900
- MLS# 412912
- Type Multi Unit - Multiple
- Status Active
Listed By
Agency Name: Bellator Real Estate, LLC Spanish Fort
Agency Phone: 251-928-0031
Shown By
Agency Title: Levin Rinke Realty
Agency Phone: 850-916-5050
Home Value Estimate
Description
Income Producing investment opportunity on Highway 59 in the heart of Robertsdale (ALDOT 2025 Traffic Reports 12,313). This property offers excellent visibility along one of Baldwin County's primary north-south corridors. Currently operated as an occupied multi-family/affordable housing property with reported gross scheduled rents of $31,680 annually and estimated NOI of $18,964, providing an approximate 9.99% cap rate at the $189,900 asking price. Continue operating as an income-producing property or explore potential future commercial use/redevelopment, subject to zoning and governmental approvals. Excellent opportunity for an investor...read more
Features
- Cooktop
- Microwave
- Dishwasher
- Window Unit(s)
- Electric
- 1.0 Story
- $1,946 Taxes
- Built in 1945
Gallery
Listed By
Agency Name: Bellator Real Estate, LLC Spanish Fort
Agency Phone: 251-928-0031
Shown By
Agency Title: Levin Rinke Realty
Agency Phone: 850-916-5050
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