Don’t miss this exceptional investment opportunity in the heart of Foley! This charming 3-bedroom, 2-bath duplex is nestled in a well-established neighborhood and comes with long-term tenants already in place, making it a hassle-free addition to your portfolio.Strong rental history with dependable tenants. Buyer to verify all information during the due diligence period.Schedule your showing today and secure this fantastic investment before it’s gone! Buyer to verify all information during due diligence.
This charming six-plex, built in 1925, is a historical gem located just steps from Foley Downtown. With only four owners in nearly a century, this property sits on a little over half an acre. Currently operated as a 55+ community, it's consistently 100% occupied. Walking distance to Foley Elementary and Middle Schools, and downtown with all you need doctor's offices, vet clinic, restaurants, shops - you name it. South Baldwin Regional Medical Center, Police Department, Municipal Court, DMV, Riviera Utilities and more are located within 2 miles radius. The two-story building houses six units, each offering 1 bedroom and 1 bathroom and its own kitchen. Five units are on the main floor, while one occupies the upstairs level. All units come equipped with individual mini-split A/C systems. Coin laundry is available for common use. There's also a full basement, not in use by tenants, offering extra potential. Ample on-site parking is available for tenant convenience. Utilities are included in the tenant's monthly payments. The property underwent a renovation in 2018, with updated electrical, plumbing, sprinkler, and smoke detector systems, ensuring modern functionality in a historic setting. Buyer to verify all information during due diligence.
Foley is located in Alabama. Foley, Alabama has a population of 20,170. Foley is less family-centric than the surrounding county with 18.33% of the households containing married families with children. The county average for households married with children is 29.71%.
The median household income in Foley, Alabama is $53,817. The median household income for the surrounding county is $64,346 compared to the national median of $69,021. The median age of people living in Foley is 52.9 years.
The average high temperature in July is 90.4 degrees, with an average low temperature in January of 38.3 degrees. The average rainfall is approximately 65.7 inches per year, with 0 inches of snow per year.
