531 W Laurel Ave, Foley, AL 36535

$679,000
6
BD
6
BA
3,743
SqFt

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List Price
$679,000
MLS#
367907
Status
ACTIVE
Type
Multifamily
Year Built
1925
Acres
0.59
City
Foley
Bedrooms
6
Bathrooms
6

Property Description

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.

Additional Information

High School
Foley High
Living Area
3,743
Interior Features
Ceiling Fans
Cooling
Other
Heating
Other
Roof
Tile/Clay, Metal

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Calculator source: Real Geeks

Listing courtesy of Ryals Realty, Inc.

© Baldwin County Association of Realtors, Inc. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocitysm Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on .