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  • $1,600,000

    0 Schoel Lane Ppin 89355 #&-252654, Gulf Shores, AL 36542

    36beds
    1,704sqft
    Multi Family
    Built in 1988
    -- sqft lot
    $1,628,100 Zestimate®
    $939/sqft
    $1,336 Estimated rent

    Home value

    $1,628,100

    $1.25M - $2.17M

    $1,336/mo

    Zestimate® history
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    $1,336/mo

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    $1,336/mo

    Rent Zestimate®

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    $7,244/mo

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    $7,244/mo

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    What's special

    Discover a rare and remarkable investment opportunity in Gulf Shores! This affordable 18-unit apartment complex is an investor’s dream, with these maintained units that promise consistent returns and long-term value. Situated in Gulf Shores, this complex benefits from its proximity to key amenities, including Sports Plex, restaurants, schools, The Factory Trampoline park and recreational facilities. Each apartment unit offers 1,704 square feet of thoughtfully designed living space, ensuring comfort and functionality for residents. With 2 bedrooms and 1 bathroom, with Washer Dryer Connections, these units are perfect for families, professionals, and retirees alike. The apartments are in good condition, and have been maintained. The complex has a strong occupancy rate, a testament to its desirability and the high demand for rental units in this area. The affordable rent rates not only ensure high occupancy but also provide an attractive living option for a broad demographic, guaranteeing a steady stream of rental income.This property presents an exceptional investment opportunity with its combination of affordable pricing, prime location, and high occupancy rates. These maintained units require minimal immediate investment, allowing new owners to start generating income from day one. Additionally, the potential for appreciation in this thriving community adds to the long-term value of this investment. BEING SOLD AS-IS INFORMATION DEEMED RELIABLE BUT IS NOT GUARANTEED - BUYER TO VERIFY ALL INFORMATION CONTAINED HEREIN Buyer to verify all information during due diligence.

    Zillow last checked:

    Listing updated:

    Listed by:

    Cheryl Ritchie PHONE:251-609-5767,

    RE/MAX of Orange Beach

    Bought with:

    Susan Carleton, 70888

    Pointe South

    Source: Baldwin Realtors,MLS#: 363955MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 36
    • Bathrooms: 18
    • Full bathrooms: 18
    Heating
    • Central
    Cooling
    • Electric
    Appliances
    • Included: Cooktop, Refrigerator
    Features
    • Ceiling Fan(s)
    • Flooring: Tile
    • Has fireplace: No
    • Fireplace features: No Fireplace
    Interior area
    • Total interior livable area: 1,704 sqft

    Property

    Parking
    • Parking features: Other/See Remarks
    Features
    • Stories: 1
    • Patio & porch: Rear Porch
    • Has view: Yes
    • View description: None/Not Applicable
    • Waterfront features: No Waterfront
    Lot
    • Size: 1.08 Acres
    Details
    • Has additional parcels: Yes
    • Parcel number: 6109370000179.002 & 6109370000179.003
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Single Story
    • Property subtype: Multi Family
    Materials
    • Roof: Metal
    Condition
    • Year built: 1988

    Utilities & green energy

    • Utilities for property: Baldwin EMC, Gulf Shores Utilities

    Community & HOA

    Community
    • Features: None
    HOA
    • Has HOA: No
    Location
    • Region: Gulf Shores

    Financial & listing details

    • Price per square foot: $939/sqft
    • Date on market: 6/20/2024
    • Ownership type: Whole Full

    Price history

    DateEventPrice
    8/16/2024Sold$1,600,000-8.6%$939/sqft
    Source: Baldwin Realtors #363955 Report a problem
    6/27/2024Pending sale$1,750,000$1,027/sqft
    Source: RE/Max of Alabama #363955 Report a problem
    6/20/2024Listed for sale$1,750,000$1,027/sqft
    Source: Baldwin Realtors #363955 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 36542

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Gulf Shores Elementary
    • Middle: Gulf Shores Middle
    • High: Gulf Shores High

    Source: Baldwin Realtors. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $1,628,100
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,628,100