Active

531 W Laurel Avenue

Foley AL, 36535

$739,000


$197.44 per sqft

Active

6 Beds

6 Baths

3,743 sqft

Multi-family

Built in 1925

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.

367907

MLS ID

September 13, 2024

Listed

September 17, 2024

Updated

Map

531 W Laurel Avenue
Foley AL, 36535

Interior Features

Total Stories

2


Bedrooms

6


Total Bathrooms

6


Full Bathrooms

6


Interior Features

Ceiling Fan(s)


Appliances

Cooktop, Electric Range


Laundry Description

Common Area


Floor Description

Laminate, Tile, Wood


Fireplace

No


Cooling

Yes


Cooling Description

Ceiling Fan(s), Other


Heating

Yes


Heating Description

Other

Exterior/Building Features

Lot Size

0.59 Acres


Roof

Metal, Tile


Sewer

Public Sewer

School Information

High School

Foley High


Elementary School

Foley Elementary

Other Property Details

Area Name

Foley 2


Taxes

$2,953


Tax Frequency

Annually


Garage

Yes


Parking

Attached


View

No


County

Baldwin


Water Source

Public


Pool

No


Zoning

2+ Family Residence

Courtesy of Ryals Realty Services, Inc, Alla Nikitina

Listing Contact: [email protected] 

The data relating to real estate for sale on this web site comes in part from the Baldwin County Association of REALTORS.  Real estate listings held by brokerage firms other than Top Tier Team are marked with the IDX logo and detailed information about them includes the name of the listing brokers.

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Top Tier Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

The data on this page was last updated on 9/17/2024.

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