$859,000

603 Cedar Street, Foley, AL 36535

  • 12 beds |
  • 8 baths |
  • 2,322 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 2005
  • Property Lot Size Icon0.35acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $370/sqft
  • Property List Date Icon Listed 3 months ago

Property Description

Exceptional 4-unit multifamily investment in the heart of Foley! Located at 451 & 455 W Pedigo Ave and 601 & 603 S Cedar St, this fully renovated property offers reliable cash flow and long-term upside. Recent upgrades include a new fortified roof, new asphalt driveway, new appliances, tankless water heaters, flooring.Currently generating $5,859/month ($70,308 annually) with four units enrolled in the HUD program, providing guaranteed rental income. Tenants pay their own utilities, keeping operating costs low. Situated on a parcel with additional land, there may be room to build a third duplex (2 more units) and expand income potential even further. Buyer to verify all information during due diligence.

Listing Status:
Active
Listing Office:
RE/MAX of Orange Beach : 251-981-2400
Listing Agent:
Kimberly Kelly : 251-228-2115
MLS ID:
384958
  • General: Ceiling Fan(s)Storage
  • Master Bedroom: 1st Floor PrimaryWalk-In Closet(s)
  • Appliances: DishwasherMicrowaveElectric RangeRefrigeratorTankless Water Heater
  • Flooring: Vinyl
  • A/C: Ceiling Fan(s)
  • Heating: Electric
  • Fireplace: Fireplaces: 0
  • General: StorageTermite ContractBarn(s)
  • Other Structures: Barn(s)
  • Parking: None
  • Roofing: Dimensional
  • Windows: Window Treatments
  • General: Vinyl SidingOne
  • Golf: None
  • Originating MLS: Baldwin County
  • County: Baldwin
  • Zoning: 5409294000125.000
  • View: None/Not Applicable
  • Utilities: Riviera Utilities
  • Source: Baldwin County
  • Ownership: Whole/Full

This listing courtesy of Kimberly Kelly, RE/MAX of Orange Beach

Monthly Payment

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

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Location

Schools Nearby

F

Foley Elementary School

450 N Cedar St, Foley, AL, 36535

Grades PK-6

0.62 miles away

F

Foley Middle School

200 N Oak St, Foley, AL, 36535

Grades 7-8

0.50 miles away

F

Foley High School

1 Pride Pl, Foley, AL, 36535

Grades 9-12

1.31 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.