$3,000,000
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Shelene Way Foley, AL 36535
Multi-Family
Residence
Beds
Baths
...
Bed/Bath
7,566
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
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 pr...oduct 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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MLS#
390934
Property Type
Multi-Family
Year Built
2008
Square Feet
7,566
sq. ft
Lot Size
3
Stories
2.0
Sewer
Public Sewer
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Source: Walk Score®
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