603 Cedar Street new Save Request In-Person Tour Request Virtual Tour
Foley,AL 36535
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,322 sqft
Price per Sqft $369
Subdivision City Of Foley
MLS Listing ID 384958
Bedrooms 12
Full Baths 8
Year Built 2005
Annual Tax Amount $3,573
Lot Size 0.351 Acres
Property Sub-Type Duplex
Property Description
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.
Location
State AL
County Baldwin
Area Foley 2
Interior
Heating Electric
Cooling Ceiling Fan(s)
Flooring Vinyl
Exterior
Exterior Feature Storage,Termite Contract
Parking Features None
Community Features None
Utilities Available Riviera Utilities
Waterfront Description No Waterfront
View Y/N No
View None/Not Applicable
Roof Type Dimensional
Building
Story 1
New Construction No
Schools
Elementary Schools Foley Elementary
Middle Schools Foley Middle
High Schools Foley High