$739,000
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531 W Laurel Avenue Foley, AL 36535
Multi-Family
Residence
6
Beds
6
Baths
3,743
Sq. Ft.
0.59
Acre
Lot
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This charming six-plex, built in 1925, is a historical gem located just steps from Foley Downtown. With only four owners in nearly a century, this property sits on a little over half an acre. Currently operated as a 55+ community, it's consistently 100% occupied. Walking distance to Foley Elementary... and Middle Schools, and downtown with all you need doctor's offices, vet clinic, restaurants, shops - you name it. South Baldwin Regional Medical Center, Police Department, Municipal Court, DMV, Riviera Utilities and more are located within 2 miles radius. The two-story building houses six units, each offering 1 bedroom and 1 bathroom and its own kitchen. Five units are on the main floor, while one occupies the upstairs level. All units come equipped with individual mini-split A/C systems. Coin laundry is available for common use. There's also a full basement, not in use by tenants, offering extra potential. Ample on-site parking is available for tenant convenience. Utilities are included in the tenant's monthly payments. The property underwent a renovation in 2018, with updated electrical, plumbing, sprinkler, and smoke detector systems, ensuring modern functionality in a historic setting. Buyer to verify all information during due diligence.
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MLS#
367907
Property Type
Multi-Family
Bedrooms
6
Bathrooms
6 Full
Year Built
1925
Square Feet
3,743
sq. ft
Lot Size
0.59
Stories
2.0
Sewer
Public Sewer
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