0 Shelene Way, Foley, AL 36535

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:

May 21, 2026 at 6:48PM

Listing Office:

Realty Executives Gulf Coast : 251-968-4300

Listing Agent:

Erick Haffner : 251-942-5744

MLS ID:

390934

Interior

• Dining: See Remarks
• A/C: Central AirHeat Pump
• Heating:

Exterior

• Parking: Covered Attached

Construction

• General: Wood SidingTwoSlab

Location

• Originating MLS: Baldwin County
• County: Baldwin

Lot

• Zoning: See other Documents.304688

Utilities

• Utilities: Cable AvailableTotal Electric
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Baldwin County