Property Description

**7845 Claremont Dr., Foley, AL 36535**Excellent income-producing investment opportunity in Foley! This property features **two separate mobile homes**, each offering **3 bedrooms and 2 bathrooms**, providing a total of six bedrooms and four bathrooms across two residences. Both homes are in good condition and are currently producing rental income.**Home #1 currently rents for $1,800 per month, and Home #2 rents for $1,500 per month**, generating a combined **$3,300 in monthly rental income and $39,600 in annual gross income**. At the asking price of **$319,999.99**, the current rents represent an approximate **12.38% gross annual return before expenses**.This property offers flexibility for investors looking to add established rental income to their portfolio or for an owner-occupant interested in living in one residence while collecting income from the other. With two separate 3-bedroom residences already generating income, the property provides immediate cash flow along with the potential for future rental growth.Conveniently located in **Foley, Alabama**, with access to shopping, schools, employment centers, restaurants, and the Alabama Gulf Coast. Whether you're looking for a straightforward rental investment, a multi-residence property, or an opportunity to offset your housing costs with rental income, **7845 Claremont Dr. offers a compelling combination of income and versatility.****** Asking Price: **$319,999.99** | Current Monthly Rent: **$3,300** | Current Annual Gross Rent: **$39,600** | Approximate Gross Yield: **12.38%** | Two Separate Residences | Each Residence: **3 BR / 2 BA***Investment figures are based on current reported rental income and are provided for informational purposes only. Gross return does not account for property taxes, insurance, maintenance, vacancy, management, financing, or other ownership expenses. Buyer to verify all property information, rental income, leases, and investment figures during due diligence.* Buyer to verify all information during due diligence.

Property Features

Local Schools