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Tony & Jessica Martinez

jessica.martinez@exprealty.com +1(251) 288-6165

$125,000

Est. payment - /mo

2 Beds

2 Baths

873 SqFt

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UPDATED:

Key Details

Property Type Condo

Sub Type Residential Attached

Listing Status Active

Purchase Type For Sale

Square Footage 873 sqft

Price per Sqft $143

Subdivision Bay Forest

MLS Listing ID 395674

Style Condo

Bedrooms 2

Full Baths 1

Half Baths 1

Construction Status Resale

HOA Fees $430/mo

HOA Y/N Yes

Rental Info Yes

Year Built 1983

Property Sub-Type Residential Attached

Source Baldwin County

Property Description

SEVEN-UNIT CONDO INVESTMENT OPPORTUNITY IN DAPHNE, AL! Expand your real estate portfolio with seven Bay Forest condos available together for $832,000, with one unit included AT NO COST as part of the full seven-unit package! This investment opportunity features four occupied units generating rental income and three vacant, move-in-ready units offering additional leasing potential. The four occupied condos are also offered together for $572,000, with reported gross annual income of $63,700, net operating income (NOI) of $41,392, and a 7.24% pro forma cap rate based on the four-unit offering. The seller prefers a portfolio sale but will consider individual offers. Seller will pay off the temporary HOA special assessment at closing. A $5,000 seller concession is available toward closing costs or a 2-1 rate buydown for the vacant units, subject to applicable terms and lender approval. Occupied units: MLS 395674, 395671, 395670, 395666. Vacant units: MLS 395673, 395672, 395668. Contact us for financials, rental information, and purchase options! Financial figures are based on historical performance and pro forma calculations; future income and returns are not guaranteed. Buyer to verify all information during due diligence.

Location

State AL

County Baldwin

Zoning SingleFamily

Rooms

Dining Room LivingDiningKitchenCombo

Interior

Heating Electric

Cooling Electric

Flooring Tile

Fireplaces Type No Fireplace

Furnishings Unfurnished

Fireplace No

Appliance Dryer, Washer, Dishwasher, Refrigerator, Electric Range

Heat Source Electric

Exterior

Exterior Feature Storage

Parking Features Condo Assigned Parking

Pool In Ground

Community Features None

Utilities Available Total Electric, Daphne Utilities, Riviera Utilities, Water Heater Electric

Waterfront Description No Waterfront

View Y/N No

View None/Not Applicable

Roof Type Composition Shingle

Porch Covered Patio

Building

Lot Description Some Trees

Story 2

Entry Level 2

Architectural Style Condo

Construction Status Resale

Schools

Elementary Schools Daphne Elementary

Middle Schools Daphne Middle

High Schools Daphne High

Others

HOA Name Bay Forest

HOA Fee Include Pool,Taxes Common Area,Common Area Insurance,Common Area Maintenance

Special Listing Condition None

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Listed by Roberts Brothers Inc. - Gulf Coast

Nearby Locations

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Tony & Jessica Martinez

+1(251) 288-6165

Agent License ID: 148334

512 Lake Forest Boulevard #F223 Daphne, AL 36526

Tony & Jessica Martinez

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

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