Shelene Way, Foley, AL 36535
sale
$3,000,000
|
Other
Courtesy Of Realty Executives Gulf Coast
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.
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Property Features
- Age: 11-20 Years Old
- Amenities: Cable Ready
- Building Units: 20
- Floor Covering: Tile
- Floor Covering: Carpet
- Floors: 2
- Heating System: Electric (Heating)
- Heating System: Heat Pump (Heating)
- Legal Description: See other Documents.
- MLSID: 390934
- Roof Type: Composition
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