Listing Courtesy of Cheryl Ritchie RE/MAX OF ORANGE BEACH 251-968-4300
Presenting an exceptional investment opportunity: this newly remodeled property features a front building with three fully furnished efficiency units, all currently leased and generating a combined monthly income of $3,700. Each unit has been thoughtfully updated to offer modern comfort and convenience, making them highly attractive to tenants. In addition, a separate two-bedroom unit is located at the rear of the property, also rented and bringing in $1,050 per month. This back unit is offered unfurnished, providing flexibility for future use. The property includes ample yard space and off-street parking, all situated in a convenient, desirable location close to essential amenities. Whether you're expanding your portfolio or seeking a turnkey income-producing asset, this property delivers strong returns and long-term value. BEING SOLD AS IS. Leases are available for viewing as a part of due diigence once under contract.
- Interior: Baseboards, Ceiling Fan(s), High Ceilings
- Full Baths: 0
- Half Baths: 0
- Heat System: Wall/Window Unit(s)
- Appliances: Electric Water Heater, Microwave, Refrigerator
- Roof: Composition
- Parking Description: Parking Lot
- Water Source: Public
- Stories: 1
- Acres: 0
- Sqft: 0
- Water Features Description: None
- Property Sub Type : Other
- Year Built: 1957