531 W Laurel Avenue Active Save Request In-Person Tour Request Virtual Tour
Foley,AL 36535
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,743 sqft
Price per Sqft $197
MLS Listing ID 367907
Bedrooms 6
Full Baths 6
Construction Status Resale
Year Built 1925
Annual Tax Amount $2,953
Lot Size 0.590 Acres
Lot Dimensions 140 x 185
Property Sub-Type Multi Family
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.
Location
State AL
County Baldwin
Area Foley 2
Zoning 2+ Family Residence
Interior
Interior Features Ceiling Fan(s)
Heating Other
Cooling Other
Flooring Laminate,Tile,Wood
Fireplace No
Appliance Cooktop,Electric Range
Laundry Common Area
Exterior
Parking Features Attached,Three or More Vehicles
Community Features 55 Plus Community,Other
Utilities Available Riviera Utilities
Waterfront Description No Waterfront
View Y/N No
View None/Not Applicable
Roof Type Metal,Tile
Garage Yes
Building
Sewer Public Sewer
Water Public
New Construction No
Construction Status Resale
Schools
Elementary Schools Foley Elementary
Middle Schools Foley Middle
High Schools Foley High
Others
Senior Community Yes
Ownership Whole/Full