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603 Cedar Street, Foley, AL 36535
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$859,000
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Home Details for 603 Cedar Street
Price
$859,000
Type
Multi Family
Bedrooms
12
Total Bathrooms
8
Full Bathrooms
8
Year Build
2005
Sq. Ft.
2322
Lot Size
0.351
County
Baldwin
Tax
$3,573.2
MLS®️ Listing#
384958
On exitrealty.com
131 days
Property Description
Exceptional 4-unit multifamily investment in the heart of Foley! Located at 451 & 455 W Pedigo Ave and 601 & 603 S Cedar St, this fully renovated property offers reliable cash flow and long-term upside. Recent upgrades include a new fortified roof, new asphalt driveway, new appliances, tankless water heaters, flooring.Currently generating $5,859/month ($70,308 annually) with four units enrolled in the HUD program, providing guaranteed rental income. Tenants pay their own utilities, keeping operating costs low. Situated on a parcel with additional land, there may be room to build a third duplex (2 more units) and expand income potential even further. Buyer to verify all information during due diligence.
- House Interior
- Walk-In Closet(s)
- Ceiling Fan(s)
- Storage
- Cooling Information
- Ceiling Fan(s)
- Heating Information
- Electric
- Parking
- None
School Information
School Information for 603 Cedar Street
Elementary School
Foley Elementary
Middle School
Foley Middle
High School
Foley High
Listing Courtesy: RE/MAX of Orange Beach - PHONE: 251-228-2115
The data relating to real estate for sale on this web-site comes in part from the Internet Data Exchange Program of Baldwin County Association of REALTORS. Baldwin County MLS deems information reliable but not guaranteed.
The information being provided is 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 or renting.
The information being provided is 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 or renting.
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EXIT REALTY LANDMARK
316 South McKenzie Street, Suite 100, Foley, AL 36535
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$859,000
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EXIT REALTY LANDMARK
316 South McKenzie Street, Suite 100, Foley, AL 36535