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.
Closed
$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
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#: 363955

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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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