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531 W Laurel Avenue

Foley, AL 36535
  • $739,000
  • STATUS: Active
  • ON SITE: 50 Days
  • MLS #: 367907
UPDATED: 31 min ago
$739,000
  • 6
    BEDS
  • 0.59
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 3,743
    SQFT
  • $197
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1925
County:
Area:

School Information

Elementary School:
Middle School:
High School:

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.

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Listing information © 2024 Baldwin County Association of REALTORS® MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or The Kim and Brian Team at RE/MAX Paradise. Data last updated 2024-11-03T22:28:04.517.
www.thekimandbrianteam.com/homes/155149233
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531 W Laurel Avenue Foley, AL 36535

  • Price: $739,000
  • Status: Active
  • On Site: 50 Days
  • Updated: 31 min ago
  • MLS #: 367907
6
Beds
6
Baths
0
½ Baths
0.59
Acres
3,743
SQFT
$197
$/SQFT
1925
Built
Neighborhood:
None
County:
Baldwin
Area:
Foley 2
Elementary School:
Foley Elementary
Middle School:
Foley Middle
High School:
Foley High
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.
Exterior Features

Boat Facilities None Carport YN No Construction Materials BrickBlock Garage YN No Levels Two Lot Size Dimensions 140 x 185 Parking Features AttachedThree or More Vehicles Roof MetalTile View None/Not Applicable View YN No Waterfront Features No Waterfront Waterfront YN No

Interior Features

Appliances CooktopElectric Range Building Area Total 3743 Common Walls Corner UnitNo One BelowOther-See Remarks Cooling Other Cooling YN Yes Dining Room Features See Remarks Fireplace YN No Fireplaces Total 0 Flooring LaminateTileWood Heating Other Heating YN Yes Interior Features Ceiling Fan(s) Laundry Features Common Area Master Bedroom Features Other - See Remarks

Property Features

Association Fee 0 Association YN No Community Features 55 Plus CommunityOther New Construction YN No Ownership Whole/Full Property Condition Resale Property Sub Type Multi Family Security Features Smoke Detector(s) Senior Community YN Yes Sewer Public Sewer Structure Type Multi-StoryGarage Apartment Tax Annual Amount 2953 Utilities Riviera Utilities Water Source Public Zoning Description 2+ Family Residence

Listing provided by Ryals Realty Services, Inc: allanikitina@ryalsrealty.com. Listing information © 2024 Baldwin County Association of REALTORS® MLS.


Listing information © 2024 Baldwin County Association of REALTORS® MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or The Kim and Brian Team at RE/MAX Paradise. Data last updated 2024-11-03T22:28:04.517.
 
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Orange Beach AL, 36561