Shelene Way, Foley, AL 36535
- $3,000,000
- List Price
- $3,000,000
- Status
- ACTIVE
- MLS#
- 390934
- Acres
- 3
- County
- Baldwin
- Region
- Baldwin
- Legal Description
- See other Documents.
- Year Built
- 2008
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.
Additional Information
- Roof
- Composition
- Stories
- 2
Mortgage Calculator
Listing courtesy of Realty Executives Gulf Coast.
© Baldwin County Association of Realtors, Inc. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocitysm Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on .