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.
Active
$859,000
603 Cedar St, Foley, AL 36535
12beds
2,322sqft
Est.:
Duplex, Multi Family
Built in 2005
-- sqft lot
$-- Zestimate®
$370/sqft
$-- HOA
What's special
New asphalt drivewayNew fortified roofNew appliancesTankless water heaters
- 25 days |
- 303 |
- 12 |
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