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  • $1,600,000

    0 Schoel Lane Ppin 89355 #&-252654, Gulf Shores, AL 36542

    36beds
    1,704sqft
    Multi Family
    Built in 1988
    -- sqft lot
    $1,603,300 Zestimate®
    $939/sqft
    $1,058 Estimated rent

    What's special

    Discover a rare and remarkable investment opportunity in Gulf Shores! This affordable 18-unit apartment complex is an investor’s dream, with these maintained units that promise consistent returns and long-term value. Situated in Gulf Shores, this complex benefits from its proximity to key amenities, including Sports Plex, restaurants, schools, The Factory Trampoline park and recreational facilities. Each apartment unit offers 1,704 square feet of thoughtfully designed living space, ensuring comfort and functionality for residents. With 2 bedrooms and 1 bathroom, with Washer Dryer Connections, these units are perfect for families, professionals, and retirees alike. The apartments are in good condition, and have been maintained. The complex has a strong occupancy rate, a testament to its desirability and the high demand for rental units in this area. The affordable rent rates not only ensure high occupancy but also provide an attractive living option for a broad demographic, guaranteeing a steady stream of rental income.This property presents an exceptional investment opportunity with its combination of affordable pricing, prime location, and high occupancy rates. These maintained units require minimal immediate investment, allowing new owners to start generating income from day one. Additionally, the potential for appreciation in this thriving community adds to the long-term value of this investment. BEING SOLD AS-IS INFORMATION DEEMED RELIABLE BUT IS NOT GUARANTEED - BUYER TO VERIFY ALL INFORMATION CONTAINED HEREIN Buyer to verify all information during due diligence.

    Zillow last checked: 7 hours ago

    Listing updated: August 16, 2024 at 09:54am

    Listed by:

    Cheryl Ritchie PHONE:251-609-5767,

    RE/MAX of Orange Beach

    Bought with:

    Susan Carleton

    Pointe South

    Source: Baldwin Realtors,MLS#: 363955MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 36
    • Bathrooms: 18
    • Full bathrooms: 18
    Primary bedroom
    • Features: Other - See Remarks
    Dining room
    • Features: Lvg/Dng Combo
    Heating
    • Central
    Cooling
    • Electric
    Appliances
    • Included: Refrigerator, Cooktop
    Features
    • Ceiling Fan(s)
    • Flooring: Tile
    • Has basement: No
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total structure area: 1,704
    • Total interior livable area: 1,704 sqft

    Property

    Parking
    • Parking features: See Remarks
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Rear Porch
    Lot
    • Size: 1.07 Acres
    Details
    • Has additional parcels: Yes
    • Parcel number: 6109370000179.002 & 6109370000179.003

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Vinyl Siding
    • Foundation: Slab
    • Roof: Metal
    Condition
    • Resale
    • New construction: No
    • Year built: 1988

    Utilities & green energy

    • Electric: Baldwin EMC
    • Utilities for property: Gulf Shores Utilities

    Community & neighborhood

    Community
    • Community features: None
    Location
    • Region: Gulf Shores
    • Subdivision: Not Applicable

    Other

    Other facts
    • Ownership: Whole/Full
    Services availability
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    An equal housing lender. NMLS #10287.

    Sell for more on Zillow

    Get a free Zillow Showcase℠ listing and you could sell for .

    $1,603,300
    2% more+ $32,066
    With Zillow Showcase(estimated)
    $1,635,366