606,,,706 N Alston Street 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 9,984 sqft
Price per Sqft $165
Subdivision Magnolia Sprg Lnd
MLS Listing ID 381247
Bedrooms 20
Full Baths 10
Construction Status Resale
Year Built 1977
Annual Tax Amount $6,717
Lot Size 0.430 Acres
Lot Dimensions 150' x 125' + 2 more
Property Sub-Type Multi Family
Property Description
Rare Investment Opportunity – Prime Location in Foley, AL. Don't miss this exceptional opportunity to acquire 10 apartment units each offering two bedrooms and one bath across three parcels (PPIN #396767, #72683, and #48020) located near each other in one of Foley's fastest-growing and most desirable areas. The property was remodeled in 2022 with upgrades including stainless appliances, wood-look vinyl flooring, fresh paint, butcher block kitchen islands, and in-unit laundry rooms. Strategically located just one block off Highway 59, these parcels offer excellent visibility and access—ideal for both immediate income generation and future commercial development. Zoned B-1 (Local Business District), residential use is no longer permitted under current zoning. However, the existing units are operating under legal non-conforming status, allowing continued residential occupancy. Whether you're looking for rental income or a high-profile redevelopment opportunity, this property provides both flexibility and potential. Highlights: •10 total apartment units • 3 separate parcels: PPIN #396767, #72683, #48020 •Zoned B-1 with legal non-conforming residential use •Property remodeled in 2022 •Excellent exposure just one block from Hwy 59 •Strong rental potential + future redevelopment opportunity** See attached document regarding zoning and rental information from the City of Foley. Buyer to verify all information during due diligence.
Location
State AL
County Baldwin
Area Foley 2
Interior
Heating Electric
Flooring Luxury Vinyl Plank
Fireplaces Type None
Fireplace No
Appliance Other
Exterior
Parking Features On Street
Community Features Fencing,None
Waterfront Description No Waterfront
View Y/N No
View None/Not Applicable
Roof Type Metal
Garage Yes
Building
Story 1
Foundation Slab
New Construction No
Construction Status Resale
Schools
Elementary Schools Foley Elementary
Middle Schools Foley Middle
High Schools Foley High
Others
Ownership Whole/Full