Appartment complex Across from Intercoastal Waterway.

Multi-Family for Sale
Catylist Listing ID: 30051390
Property Subtypes: Low-Rise/Garden
Number of Units: 12 Units
Building Size (RSF): 8,500 SF
Gross Building Area: See Agent
Gross Land Area: 1 Acre
Sale Price: $849,900
Unit Price: $70,825 Per Unit
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Canal Place
Sale Terms: Cash to Seller, Purchase Money Mortgage, Owner Financing
Cap Rate: Undisclosed
Last Updated: 10/4/2019

Overview / Comments

Classic island style apartment complex on a large site on the Intercoastal Waterway. 10 spacious 1 bedroom units, and 2 very nice studio units. Highly durable concrete block construction with tile floors and metal roofing. Located approximately 1 mile from Tacky Jacks Gulf Shores. Very well maintained and always occupied.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Tax ID/APN: 05-66-02-09-1-000-008.000
Zoning: R-1-5
Property Located Between: Gulf Shores and Orange Beach
Highway Access: Front Hwy 180
Laundry: Shared
Lot Frontage: 200'
Lot Depth: 174'

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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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