MLS#390934
STATUSActive
PROPERTY TYPECommercial - Business
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.
Property Features
Property Type: Commercial - Business
Heating: Heat Pump, Electric
Lot Size: 3.00 Acres
Property Type: Multi Family
Stories: 2.0
Taxes: $25,457
Year Built: 2008
Feature Descriptions
Days on Site: 206
Dining Room: OtherSeeRemarks
Flooring: Tile, Carpet
Lot: Level, Elevation High
Lot Dimensions: 3.00 acre(s)
Utilities: Cable TV, Water City, Sewage City, Total Electric
Listed By / Shown By
Listed By
Agency Name: Realty Executives Gulf Coast
Agency Phone: 251-968-4300
Shown By
Agent Name: Debbi Clarke
Agent Phone: (251) 383-9100
Agency Title: Bellator Real Estate
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0 Shelene Way | MLS# 390934
This commercial property located at 0 Shelene Way, Foley, AL 36535 is currently listed for sale with an asking price of $3,000,000. Search Foley real estate on debbiclarkeassocbroker.gobellator.com today.