7 Twin Echo Court A, Fairhope, AL 36532
sale
$5,000,000
|
Other
Courtesy Of Wellhouse Real Estate
Generational opportunity to acquire a portfolio of ten townhomes and ten undeveloped lots in a beautiful subdivision just one mile south of Downtown Fairhope-one of the Gulf Coast's most acclaimed destinations and consistently recognized among the South's most desirable places to live. Twin Echo Court presents a rare dual-asset investment opportunity encompassing approximately 3.76 acres, ten established residential income-producing townhomes, and ten additional undeveloped lots. The offering provides immediate cash-flow alongside future development upside within an ideal residential setting between Fairhope and Point Clear. The ten existing townhomes are spacious 3-bedroom, 2-bathroom, two-story residences boasting 1,354sf interiors, with one-car garages, renovated interiors with wide plank flooring, updated kitchens, and modern baths - all delivering stabilized rental income, with zoning that also permits short-term rentals. The ten undeveloped lots surround two cul-de-sacs and are infrastructure-ready - underground Fairhope Electric utilities and fiber internet are already on site, substantially reducing the cost and timeline for a future builder or developer. Lots 1, 10, and 11 provide hundreds of feet of direct frontage along S. Section Street. Tucked beneath a canopy of mature live oaks just off S. Section Street, Twin Echo Court offers privacy, quiet, and the low-density neighborhood character that long-term tenants and owner-occupants seek. Residents of Twin Echo Court enjoy easy access to downtown Fairhope and are located minutes from community staples and world-class resorts such as Lakewood Club and The Grand, The Colony, Publix at The Shops at Point Clear, Point Clear Club, Thomas Hospital, the Fairhope Pier, and so much more. No HOA. Zoned B-1. Parcels included in this offering: PIN# 21634, 281639, 21632, 281640, 65920, 281641, 65921, 281643, 65923, 281644, 65924, 281645, 65925, 281646, 65926, 281647, 65927, 281648, 65928, 281649. Buyer to verify all information during due diligence.
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Property Features
- Age: 21-30 Years Old
- Cooling System: Electric
- Floors: 2
- Heating System: Central
- Legal Description: 21.4' X 252.8' IRR LOT 4-A ECHO RIDGE SUB SLIDE 2265-B PB11 PG88 SEC 19-T6S-R2E (WD)
- MLSID: 411705
- Roof Type: Composition
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