Multi-Property Rental Investment

Multi-Family for Sale
Catylist Listing ID: 30858723
Number of Units: 3 Units
Building Size (RSF): 11,060 SF
Gross Building Area: See Agent
Gross Land Area: 3.32 SF
Sale Price: $3,125,000
Unit Price: $1,041,666.67 Per Unit
Property Use Type: Investment, Business
Sale Terms: Other
Cap Rate: Undisclosed
Average Occupancy Rate: 50
Last Updated: 4/22/2024

Overview / Comments

CALLING ALL INVESTORS! This spectacular investment is spread out over three separate parcels with three separate income producing homes totaling 3.32 acres! All three parcels are zoned residential with one already approved to add additional homes/cottages. Property one (Oak Manor) features 5 bedrooms including a large bunk room, 3.5 bathrooms, large game room with kitchenette, entertaining area and bar seating. This home is sure to impress guests with the amount of entertaining space inside and out. The Primary bedroom features a private wet bar, views of the sparkling pool and spacious full bathroom. The outside entertaining area is where this place comes alive! Here you'll find a wet-bar with flat screen TV, covered BBQ area, large stone fireplace, inground pool, hot tub and plenty of space for yard games! Moving onto property two (Indigo Manor) in the middle, you'll find 5 bedrooms, 4.5 bathrooms, large game room, spacious open concept great room, luxurious Primary suite, luxury vinyl plank flooring throughout and enough space to entertain a crowd! No detail was overlooked when this custom home was built. The kids are sure to fall in love with the enormous kids wing that includes 10 beds spread over two levels, sitting area, separate bathroom and custom sea life wall mural. The Primary suite features views of the pool, custom french doors opening to the primary bathroom, deep soaker tub, separate vanities, zero entry shower, custom lighting and sitting area with vanity. The exterior of this property is a show stopper! Featuring a large covered outdoor entertaining area with flat screen TV, inground saltwater pool with built in seating, hot tub, hammock area and space for outdoor yard games. The last property in this trio features 4 bedrooms, 2 bathrooms and large open concept great room. PLEASE SEE DOCUMENT SECTION FOR ADDITIONAL INFO AND RENTAL INCOME!
This property sale includes PPIN#'s 033295, 017723 & 102514

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Taxing Authority: Baldwin County
Tax ID/APN: 05-61-04-20-0-000-042.000
Zoning: SINGLE FAMILY RESIDENTIAL
Percent Occupied: 50%
Community Amenities: Outdoor Pool, Community Hot Tub, Recreation Room, On-Site Maintenance, Concierge
Property Located Between: County Rd 10 and Highway 59
Highway Access: County Rd 10 and Highway 59
Airports: Mobile International / Pensacola International
Site Description: This spectacular investment is spread out over three separate parcels with three separate income producing homes totaling 3.32 acres! All three parcels are zoned residential with one already approved to add additional homes/cottages. Property one (Oak Manor) features 5 bedrooms including a large bunk room, 3.5 bathrooms, large game room with kitchenette, entertaining area and bar seating. This home is sure to impress guests with the amount of entertaining space inside and out. The Primary bedroom features a private wet bar, views of the sparkling pool and spacious full bathroom. The outside entertaining area is where this place comes alive! Here you'll find a wet-bar with flat screen TV, covered BBQ area, large stone fireplace, inground pool, hot tub and plenty of space for yard games! Moving onto property two (Indigo Manor) in the middle, you'll find 5 bedrooms, 4.5 bathrooms, large game room, spacious open concept great room, luxurious Primary suite, luxury vinyl plank flooring throughout and enough space to entertain a crowd! No detail was overlooked when this custom home was built. The kids are sure to fall in love with the enormous kids wing that includes 10 beds spread over two levels, sitting area, separate bathroom and custom sea life wall mural. The Primary suite features views of the pool, custom french doors opening to the primary bathroom, deep soaker tub, separate vanities, zero entry shower, custom lighting and sitting area with vanity. The exterior of this property is a show stopper! Featuring a large covered outdoor entertaining area with flat screen TV, inground saltwater pool with built in seating, hot tub, hammock area and space for outdoor yard games. The last property in this trio features 4 bedrooms, 2 bathrooms and large open concept great room. PLEASE SEE DOCUMENT SECTION FOR ADDITIONAL INFO AND RENTAL INCOME! This property sale includes PPIN#'s 033295, 017723 & 102514
Total Number of Buildings: 3
Property Condition: Excellent
Number of Stories: 1
Year Built: 2022
Year Renovated: 2022
Roof Type: Gable
Construction/Siding: HardiePlank Siding
Parking Type: Surface
Laundry: In Each Unit
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Zoning Description: Multiple properties over three separate parcels all zoned SFR.
Lot Frontage: County Road 10
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 172 (S) X 300 BEG AT THE SE COR OF THE W1 2 OF SW1 4 OF THE NW1 4 RUN TH N 40 & W 175 FOR THE POB CONT TH W 172 (S) T H N 300 TH E 172 (S) TH S 300 TO THE POB SEC 20-T8S-R4E (WD SURVIVORSHIP)

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 5,529 30,986
Median Age: 38.4 39.45
Households: 2,516 13,059

Contact

Photograph of Listing Agent

Patrick Daily

Re/Max of Orange Beach Gulf Coast CMLS Member
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