15777 E Renee Marie Drive Active Save Request In-Person Tour Request Virtual Tour
Gulf Shores,AL 36542
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,574 sqft
Price per Sqft $145
MLS Listing ID 365599
Bedrooms 6
Full Baths 3
Construction Status Resale
Year Built 2004
Annual Tax Amount $2,434
Lot Size 0.740 Acres
Lot Dimensions 150 x 218
Property Description
CALLING ALL INVESTORS LOOKING FOR A DEAL! Sellers are open to OWNER FINANCING! Own not one, but THREE RENTAL HOUSES on a spacious 150 x 218 lot in Gulf Shores. Located directly behind Dollar General, Chevron, Fresh Market Seafood, Beach Bums Coffee & Deli, and Plane Sudz Laundromat on Ft Morgan Rd! Mo's Landing Park & Boat Launch on Little Lagoon and the public beach access on Mobile St are only a few minutes away! House "A" recently experienced a kitchen fire and has undergone a complete gutting in the kitchen. It is currently vacant. Prior to the tenant moving out, the combined monthly gross income for all three properties was $2,750, totaling an annual income of over $33,000 with the opportunity to easily earn more. The same renters have been leasing these homes for over 5 years at same amount. House "A," constructed in 2004, offers approximately 864 square feet of living space, 2 bedrooms and 1 bathroom, and spacious screen porch. HVAC age: 2019. Rents for $975 and has septic tank. House "B" was relocated to the property in 1985 and offers around 868 square feet of living space with 1 bedroom and a loft being used as a second bedroom, along with 1 bathroom, this home rents for $900 per month and is on city sewer. HVAC replaced two years ago. House "C" is currently rented for $950 per month and is on city sewer. This original 1985 house offers 768 square feet of living space, featuring 2 bedrooms & 1 bathroom. HVAC replaced two years ago. All 3 houses have access to city water, central heating and air, & separate utility meters. The utility sheds on the property are fully plumbed for washers and dryers, providing added convenience for tenants. Additionally, the houses have undergone renovations & rent very easily. Lot is approximately 0.74 acres with majestic Live Oaks & large common areas. Continue to rent all THREE houses or live in one while the rental income pays your expenses! Please do not access the property without an agent present & permission. Buyer to
Location
State AL
County Baldwin
Area Gulf Shores 1
Interior
Heating Electric
Cooling Ceiling Fan(s)
Flooring Laminate,Tile
Fireplaces Type None
Fireplace Yes
Appliance Electric Range
Exterior
Garage See Remarks,Three or More Vehicles
Fence Partial
Community Features None
Utilities Available Cable Connected
Waterfront No
Waterfront Description No Waterfront
View Y/N Yes
View Other-See Remarks
Roof Type Composition
Parking Type See Remarks,Three or More Vehicles
Garage No
Building
Story 1
Foundation Slab
Sewer Grinder Pump,Public Sewer,Septic Tank
Water Public
New Construction No
Construction Status Resale
Schools
Elementary Schools Gulf Shores Elementary
Middle Schools Gulf Shores Middle
High Schools Gulf Shores
Others
Pets Allowed More Than 2 Pets Allowed
Ownership Whole/Full