AL > Foley > City Of Foley
Foley, AL 36535,603 Cedar Street
Foley, AL 36535,603 Cedar Street
Foley, AL 36535,603 Cedar Street
Foley, AL 36535,603 Cedar Street
Foley, AL 36535,603 Cedar Street
Foley, AL 36535,603 Cedar Street
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Thu
11
Sep
Fri
12
Sep
Sat
13
Sep
Realty Executives Gulf Coast

Realty Executives Gulf Coast

+1(251) 968-4300
$ 859,000
Est. payment | /mo

12 Beds

8 Baths

2,322 SqFt

Save
$ 859,000
Est. payment | /mo
Save

12 Beds

8 Baths

2,322 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,322 sqft

Price per Sqft $369

Subdivision City Of Foley

MLS Listing ID 384958

Bedrooms 12

Full Baths 8

Construction Status Resale

Year Built 2005

Annual Tax Amount $3,573

Lot Size 0.351 Acres

Property Sub-Type Duplex

Property Description

Exceptional 4-unit multifamily investment in the heart of Foley! Located at 451 & 455 W Pedigo Ave and 601 & 603 S Cedar St, this fully renovated property offers reliable cash flow and long-term upside. Recent upgrades include a new fortified roof, new asphalt driveway, new appliances, tankless water heaters, flooring.Currently generating $5,859/month ($70,308 annually) with four units enrolled in the HUD program, providing guaranteed rental income. Tenants pay their own utilities, keeping operating costs low. Situated on a parcel with additional land, there may be room to build a third duplex (2 more units) and expand income potential even further. Buyer to verify all information during due diligence.

Location

State AL

County Baldwin

Area Foley 2

Interior

Interior Features Ceiling Fan(s), Storage

Heating Electric

Cooling Ceiling Fan(s)

Flooring Vinyl

Fireplace No

Appliance Dishwasher, Microwave, Electric Range, Refrigerator, Tankless Water Heater

Exterior

Exterior Feature Storage, Termite Contract

Parking Features None

Community Features None

Utilities Available Riviera Utilities

Waterfront Description No Waterfront

View Y/N No

View None/Not Applicable

Roof Type Dimensional

Attached Garage false

Garage Yes

Building

Story 1

New Construction No

Construction Status Resale

Schools

Elementary Schools Foley Elementary

Middle Schools Foley Middle

High Schools Foley High

Others

Ownership Whole/Full

Listed by RE/MAX of Orange Beach
Realty Executives Gulf Coast

Realty Executives Gulf Coast

Phone

+1(251) 968-4300

Address

3479 B Gulf Shores Parkway, USA

GET IN TOUCH

Name
Phone*
Message
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of Realty Executives Gulf Coast, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.

Go tour this home

603 Cedar Street