$3,000,000

0 Shelene Way, Foley, AL 36535

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 2008
  • Property Lot Size Icon3acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 1 month ago

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.

Listing Status:
Active
Data Last Updated:
March 5, 2026 at 12:45PM
Listing Office:
Realty Executives Gulf Coast : 251-968-4300
Listing Agent:
Erick Haffner : 251-942-5744
MLS ID:
390934
  • Dining: See Remarks
  • A/C: Central AirHeat Pump
  • Heating:
  • Parking: Covered Attached
  • General: Wood SidingTwoSlab
  • Originating MLS: Baldwin County
  • County: Baldwin
  • Zoning: See other Documents.304688
  • Utilities: Cable AvailableTotal Electric
  • Water: Public
  • Sewer: Public Sewer
  • Source: Baldwin County

This listing courtesy of Erick Haffner , Realty Executives Gulf Coast

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

F

Florence B. Mathis Elementary School

600 W 9th Ave, Foley, AL, 36535

Grades KG-6

1.04 miles away

F

Foley Middle School

200 N Oak St, Foley, AL, 36535

Grades 7-8

2.49 miles away

F

Foley High School

1 Pride Pl, Foley, AL, 36535

Grades 9-12

0.73 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.