0 Schoel Ln, Gulf Shores, AL

House

For Sale

Listed price in listed location currency (USD).

$2,499,000

36180

MLS® 409507

Overview

Key Facts

Type Multi Family

Levels Residential Income

Size 15336 sqft

Garage

Taxes

Days Active 1

Lot Size 1.07 Acres

Approx. Age 1988

Avg. Price Per Sqft $162

MLS® Number 409507

Property Address: 0 Schoel Ln, Gulf Shores, AL, 36542

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

Description

Bon Secour Apartments offers an opportunity to acquire an established 18-unit multifamily community within the City of Gulf Shores, positioned in an area experiencing continued residential growth and infrastructure investment. Located on Schoel Lane just off County Road 6, the property includes approximately 15, 336 rentable square feet, with each two-bedroom, one-bath unit offering approximately 852 square feet and washer/dryer connections. The community provides an attractive acquisition basis compared to the cost of developing comparable new multifamily housing, creating potential for both current rental income and long-term value. Its location places residents near Gulf Shores City Schools, the Gulf Shores Sportsplex, County Road 6 boat launch, shopping, dining, employment centers, recreational facilities and the beaches of Gulf Shores. The surrounding area continues to evolve with nearby residential development, including Bright's Creek, along with roadway, drainage, sidewalk and connectivity improvements. With established rental demand, maintained units and a location convenient to everyday necessities and Gulf Shores attractions, Bon Secour Apartments provides investors the opportunity to add an income-producing multifamily asset in one of Coastal Alabama's growing communities. Buyer to verify all information during due diligence.

MLS® Number409507

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1988

Basement

DrivewayOther/See Remarks

Garage Spaces

HeatCentral

A/CElectric

Extras

Map

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