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Condreay Group

LPT Realty

condreaygroup@gmail.com +1(850) 739-1874

$ 699,000

Est. payment -/mo

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Price Dropped by $40K

531 W Laurel Avenue Foley, AL 36535

6 Beds

6 Baths

3,743 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,743 sqft

Price per Sqft $186

MLS Listing ID 367907

Bedrooms 6

Full Baths 6

Construction Status Resale

Year Built 1925

Annual Tax Amount $2,953

Lot Size 0.590 Acres

Lot Dimensions 140 x 185

Property Sub-Type Multi Family

Property Description

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.

Location

State AL

County Baldwin

Area Foley 2

Zoning 2+ Family Residence

Interior

Interior Features Ceiling Fan(s)

Heating Other

Cooling Other

Flooring Tile, Wood, Laminate

Fireplace No

Appliance Electric Range, Cooktop

Laundry Common Area

Exterior

Parking Features Attached, Three or More Vehicles

Community Features 55 Plus Community, Other

Utilities Available Riviera Utilities

Waterfront Description No Waterfront

View Y/N No

View None/Not Applicable

Roof Type Metal,Tile

Garage Yes

Building

Sewer Public Sewer

Water Public

New Construction No

Construction Status Resale

Schools

Elementary Schools Foley Elementary

Middle Schools Foley Middle

High Schools Foley High

Others

Senior Community Yes

Ownership Whole/Full

Listed by Ryals Realty Services, Inc

Condreay Group

Realtor | License ID: SL3489834

+1(850) 739-1874

Condreay Group

531 W Laurel Avenue Foley, AL 36535

Key Details

Location

Interior

Exterior

Building

Schools

Others

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531 W Laurel Avenue