1. Alabama
  2. Foley
  3. 531 W Laurel Avenue
$679,000

531 W Laurel Avenue, Foley, AL 36535

  • 6 beds |
  • 6 baths |
  • 3,743 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1925
  • Property Lot Size Icon0.59acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $181/sqft
  • Property List Date Icon Listed 10 months ago

Property Description

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.

Listing Status:
Active
Listing Office:
Ryals Realty Services, Inc : 251-747-0097
Listing Agent:
Alla Nikitina : 251-923-6475
MLS ID:
367907
  • General: Ceiling Fan(s)
  • Master Bedroom: Other - See Remarks
  • Appliances: Electric RangeCooktop
  • Dining: See Remarks
  • Laundry: Common Area
  • Flooring: TileWoodLaminate
  • A/C: Other
  • Heating: Other
  • Fireplace: Fireplaces: 0

This listing courtesy of Alla Nikitina, Ryals Realty Services, Inc

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

F

Foley Elementary School

450 N Cedar St, Foley, AL, 36535

Grades PK-6

0.30 miles away

F

Foley Middle School

200 N Oak St, Foley, AL, 36535

Grades 7-8

0.34 miles away

F

Foley High School

1 Pride Pl, Foley, AL, 36535

Grades 9-12

1.72 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.