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531 W Laurel Avenue, Foley, AL 36535

$679,000
  • 531 W Laurel Avenue, Foley, AL 36535 Main Photo

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Active
BEDS6 BATHS6 full SQUARE FEET3,743 MLS#367907
STATUSActive PROPERTY TYPEMulti Unit - Multiple

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.

531 W Laurel Avenue | MLS# 367907

This multi-family property located at 531 W Laurel Avenue, Foley, AL 36535 is currently listed for sale with an asking price of $679,000. Search Foley real estate on www.gobellator.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Other
Heating: Other
Lot Size: 0.59 Acres
Property Type: Multi Family
Stories: 2.0
Year Built: 1925

Amenities

Ceiling Fan(s)

Feature Descriptions

Appliances: Electric Range, Cooktop
Community Features: 55 Plus Community, Other
Construction Materials: Brick, Block
Days on Site: 581
Dining Room: See Remarks
Exterior: Brick, Block
Flooring: Tile, Wood, Laminate
Lot Dimensions: 0.59 acre(s)
Master Bedroom: Other - See Remarks
Sewer: Public Sewer
Utilities: Riviera Utilities
Water: Public
Zoning: 2+ Family Residence

Local Schools

High School: Foley High
Middle School: Foley Middle
Elementary School: Foley Elementary

Listed By / Shown By

Listed By

Agency Name: Ryals Realty, Inc
Agency Phone: 251-747-0097

Shown By

Agency Title: Bellator Real Estate
Agency Phone: 251.928.0031

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Estimated Payment

$ 3,454.80 per month $3,256.76 Principal & Interest $0.00 Property Tax (data not provided by mls) $198.04 Homeowner's Insurance

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