Map
Listed price in listed location currency (USD).
$3,000,000

000

MLS® 390934

Overview

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage 
Taxes 
Days Active 274
Lot Size 3 Acres
Approx. Age 2008
MLS® Number 390934

Property Address: 0 Shelene Way, Foley, AL, 36535

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number390934
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age2008
Basement
Driveway
Garage Spaces
HeatHeat Pump, Electric
A/C

Extras

Map

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