$828,000
$859,000
3.6%For more information regarding the value of a property, please contact us for a free consultation.
603 Cedar Street Foley, AL 36535
12 Beds
8 Baths
2,322 SqFt
Key Details
Sold Price $828,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,322 sqft
Price per Sqft $356
Subdivision City Of Foley
MLS Listing ID 384958
Sold Date 02/27/26
Style Single Story
Bedrooms 12
Full Baths 8
Construction Status Resale
HOA Y/N No
Rental Info Yes
Year Built 2005
Acres 0.351
Property Sub-Type Duplex
Source Baldwin County
Property Description
Exceptional 4-unit multifamily investment in the heart of Foley! Located at 451 & 455 W Pedigo Ave and 601 & 603 S Cedar St, this fully renovated property offers reliable cash flow and long-term upside. Recent upgrades include a new fortified roof, new asphalt driveway, new appliances, tankless water heaters, flooring.Currently generating $5,859/month ($70,308 annually) with four units enrolled in the HUD program, providing guaranteed rental income. Tenants pay their own utilities, keeping operating costs low. Situated on a parcel with additional land, there may be room to build a third duplex (2 more units) and expand income potential even further. Buyer to verify all information during due diligence.
Location
State AL
County Baldwin
Interior
Interior Features Storage, Ceiling Fan(s), Termite Contract
Heating Electric
Flooring Vinyl
Fireplace No
Window Features Window Treatments
Appliance Microwave, Dishwasher, Refrigerator, Electric Range, Smoke Detector
Heat Source Electric
Exterior
Exterior Feature Storage
Parking Features No Garage/Carport Parking
Community Features None
Utilities Available Riviera Utilities
Waterfront Description No Waterfront
View Y/N No
View None/Not Applicable
Roof Type Dimensional
Garage No
Building
Architectural Style Single Story
Construction Status Resale
Schools
Elementary Schools Foley Elementary
Middle Schools Foley Middle
High Schools Foley High
Others
Financing Conventional
Special Listing Condition None
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Bought with RE/MAX of Orange Beach
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