Appartment complex in Downtown Gulf Shores.

Multi-Family for Sale
Catylist Listing ID: 30051344
Property Subtypes: Low-Rise/Garden, Senior Living
Number of Units: 11 Units
Building Size (RSF): 8,000 SF
Gross Building Area: See Agent
Gross Land Area: 5 SF
Sale Price: $849,900
Unit Price: $77,263.64 Per Unit
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Helms Haus
Sale Terms: Cash to Seller, Purchase Money Mortgage, Owner Financing
Cap Rate: Undisclosed
Last Updated: 11/4/2019

Overview / Comments

11 unit apartment complex located in downtown Gulf Shores. This property features 5) 2 bedroom units and 6) 1 bedroom units. Helms Haus is situated on a large corner property in Gulf Shores’ most established neighborhood and is always occupied. Complex features ultra durable concrete block construction, with tile floors, and metal roof. Coin laundry is the only amenity. Property was built in the 1960s and has been exceptionally well maintained. Located just a couple blocks from the Gulf Shores Catholic Church.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Tax ID/APN: 05-66-02-09-2-000-120.000
Property Located Between: 23rd and 6th avenue
Highway Access: From Hwy 180 (Canal Road) turn into the 6th ave. The property will be on the right at the corner of 23th.
Parking Type: Surface
Laundry: Shared
Lot Frontage: 169'
Lot Depth: 180'

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,239 9,159 16,059
Median Age: 33.75 40.34 40.23
Households: 538 4,175 7,059


Photograph of Listing Agent

Alla Nikitina

Ryals Realty Gulf Coast CMLS Member
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