Retreat on Nichols

Multi-Family for Sale
Catylist Listing ID: 30843586
Property Subtypes: Duplex/Fourplex
Number of Units: 2 Units
Building Size (RSF): 1,638 SF
Gross Building Area: See Agent
Sale Price: $925,000
Unit Price: $462,500 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 10/2/2023

Overview / Comments

Welcome to your opportunity to own an income producing GOLD FORTIFIED truly unique and beautiful property, currently used as a successful short-term rental! The Retreat on Nichols is perfectly located near downtown Fairhope and comes FULLY FURNISHED with all furniture and personal property on-site currently used for short-term guests to convey! Just a short walk to downtown shopping and dining or a quick golf cart ride to the majestic Mobile Bay! The Retreat consists of 2 lavish contemporary micro-cottages, gated and fenced. This solid structure was built to gold fortified standards and boasts standing poured concrete walls! The Retreat includes two private 720 sqft luxury 1BR/1BA units that can be offered together or separately for rent making the ideal for a getaway! Each unit is suitable to sleep 4 adults comfortably with a king size bed and sleeper sofa in each unit. The units are separated by common area including a large storage/stock room with an additional full bathroom. This property boasts all the trimmings to create a resort environment throughout the common areas including electric vehicle charging stations, outdoor gaming area, outdoor kitchen area, wood-fire oven, fire pit, a laundry area, outdoor dining and patios, ample extra parking on the adjacent lot included in the sale and more! Property could also be remodeled to accommodate your new business location such as an office space, potentially housing multiple private office suites in each unit.

Truly a must see! Property includes PPIN's 361758 & 359953. DEEDED LOTS!

Buyers agent to verify all measurements. All information deemed reliable but is not guaranteed.

Contact your favorite real estate agent today to schedule a showing!

More information available upon request.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Tax ID/APN: 05-46-03-37-0-015-002.001
Property Condition: Good
Number of Stories: 1
Year Built: 2016
Laundry: Shared
Legal Description: 49.9' X 151.9' Lot 1 Fairhope Micro Cottages Sub Slide 2534- F Lying In The City Of Fairhope Gr Sec 37-T6s-R2e (Wd)

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,127 14,165 32,263
Median Age: 51.27 46.99 43.2
Households: 2,039 6,379 13,110


Photograph of Listing Agent

Jacob W. Lee

Waters Edge Realty Gulf Coast CMLS Member
Photograph of Listing Agent

Tiffany Rezner

Waters Edge Realty Gulf Coast CMLS Member
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