Duplex in Fairhope, AL

Multi-Family for Sale
Catylist Listing ID: 30864886
Property Subtypes: Duplex/Fourplex
Number of Units: 2 Units
Building Size (RSF): 1,638 SF
Sale Price: $950,000
Unit Price: $475,000 Per Unit
Property Use Type: Investment
Building Name: The Retreat on Nichols
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Vacation Rental Income: Yes
Last Updated: 2/27/2024

Overview / Comments

This GOLD FORTIFIED Duplex is truly a unique property, currently used as a 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! PARTIAL OWNER FINANCING AVAILABLE! Conveniently situated with just a short walk to downtown for shopping and dining or a quick golf cart or bike 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 or for a special place to reside privately next to loved ones! 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: Excellent
Number of Stories: 1
Year Built: 2016
Zoning Description: B1
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Parcel ID/Tax ID 46-03-37-0-015-002.001 Tax PPIN 9591 Lot 1 of Fairhope Micro Cottages as shown by map or plat thereof recorded at Slide 2534-F, Probate Records, Baldwin County, Alabama; and being lands of the Fairhope Single Tax Corporation lying in Section 17, Township 6 South, Range 2 East, Baldwin County, Alabama. Parcel ID/Tax ID 46-03-37-0-015-002.004 Tax PPIN 361758 Lot 2 of Fairhope Micro Cottages as shown by map or plat there of recorded at Slide 2534-F, Probate Records, Baldwin County, Alabama; and being lands of the Fairhope Single Tax Corporation lying in Section 17, Township 6 South, Range 2 East, Baldwin County, Alabama.

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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

Contact

Photograph of Listing Agent

Tiffany Rezner

Waters Edge Realty Gulf Coast CMLS Member
Photograph of Listing Agent

Jacob W. Lee

Waters Edge Realty
Gulf Coast CMLS Member
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