Fully Entitled Single Family Rental Development
Vacant Land
for Sale
Also listed as Multi-Family
| Catylist Listing ID: |
30860359 |
| Property Subtypes: |
Multi-Family, Residential (Single Family)
|
| Gross Land Area: |
18.70 Acres
|
| Sale Price: |
$2,475,000 |
| Unit Price: |
$132,352 Per Acre |
| In Opportunity Zone? |
Yes |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/17/2024 |
Overview / Comments
+-18.79 Acres on CR 20 in Foley, AL
Herrington Realty is pleased to present the opportunity to acquire a fully entitled single family rental PUD development consisting of 162 units of a mix of cottage style and single family floor plans in thriving Baldwin County, AL. HickoryStreet Community Developmentwill serve a dramatic need for long term rentals in the Foley Market with a new style of single family living that offers renters a different option than the standard apartment. The PUD approves density of 8.6 unit per acre and a typical cottage being around 1,320 SF.
|
Additional Details
| Nearest MSA: |
Daphne-Fairhope-Foley |
| County: |
Baldwin |
| Tax ID/APN: |
05-61-03-08-0-000-005.000 |
| Property Visibility: |
Excellent |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
4,240 |
6,537 |
32,830 |
| Median Age: |
34.25 |
34.93 |
39.91 |
| Households: |
1,732 |
2,633 |
13,580 |
|
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Neither Gulf Coast CMLS nor
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