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Listed price in listed location currency (USD).
$429,000

Added 25 days ago

632574 sqft2
  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Other-See Remarks
Levels Residential
Size 2574 sqft
Garage No
Maintenance Fees 
Taxes $2,602
Days Active 25
Approx. Age 2004
Avg. Price Per Sqft $166
MLS® Number 380938

Property Address: 15777 Renee Marie Ave E, Gulf Shores, Alabama

Average square foot calculated using Size range provided by listing agent.

Description

Prime investment opportunity, triplex in Gulf Shores! This income-producing triplex in Gulf Shores presents an excellent investment opportunity, boasting a spacious lot with three distinct houses. Located conveniently behind dollar general and chevron on Fort Morgan Road, this property offers a solid rental income stream with significant potential for increased revenue. House "A, " (built in 2004, renovated 2024): This recently gutted and fully updated home provides approximately 864 square feet of living space, 2 bedrooms and 1 bathroom, and spacious screen porch. HVAC age: 2019. Rents for $1350 per month. This unit uses a septic tank. House "B" (relocated to the property in 1985) 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 $1, 000 per month and is on city sewer. HVAC replaced three years ago. House "C" (built 1985) the original house on the property, this unit features 768 square feet. With 2 bedrooms and 1 bathroom. It currently rents for $1, 075 per month and is on city sewer. All 3 houses have access to city water, central heating and air, & separate utility meters. Tenants do wish to stay but are on a month to month lease, offering flexibility to the new owner regarding lease terms and occupancy. With current leases, this triplex grosses $41, 100 annually, demonstrating immediate income potential! Buyer to verify all information during due diligence.
MLS® Number380938
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age2004
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatElectric
A/C
Heating Fuel

Extras

Rooms

Kitchen:10 × 10 ft
Master Bedroom:10 × 12 ft
Bedroom 3:10 × 10 ft
Bedroom 4:10 × 10 ft
Bedroom 2:10 × 10 ft
Master Bathroom:Not available
15777 Renee Marie Ave E, Gulf Shores, AL

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