Schoel Lane Unit PPIN 89355 & 252654, Gulf Shores, AL 36542

$1,750,000
36
BD
18
BA
1,704
SqFt
List Price
$1,750,000
Closing Date
Aug 16, 2024
Status
PENDING
MLS#
363955
Bedrooms
36
Bathrooms
18
Living Area
1,704
Acres
1.08
County
Baldwin
Region
Gulf Shores 2
Subdivision
Not Applicable
Year Built
1988

Property Description

Discover a rare and remarkable investment opportunity in Gulf Shores! This affordable 18-unit apartment complex is an investor’s dream, with these maintained units that promise consistent returns and long-term value. Situated in Gulf Shores, this complex benefits from its proximity to key amenities, including Sports Plex, restaurants, schools, The Factory Trampoline park and recreational facilities. Each apartment unit offers 1,704 square feet of thoughtfully designed living space, ensuring comfort and functionality for residents. With 2 bedrooms and 1 bathroom, with Washer Dryer Connections, these units are perfect for families, professionals, and retirees alike. The apartments are in good condition, and have been maintained. The complex has a strong occupancy rate, a testament to its desirability and the high demand for rental units in this area. The affordable rent rates not only ensure high occupancy but also provide an attractive living option for a broad demographic, guaranteeing a steady stream of rental income.This property presents an exceptional investment opportunity with its combination of affordable pricing, prime location, and high occupancy rates. These maintained units require minimal immediate investment, allowing new owners to start generating income from day one. Additionally, the potential for appreciation in this thriving community adds to the long-term value of this investment. BEING SOLD AS-IS INFORMATION DEEMED RELIABLE BUT IS NOT GUARANTEED - BUYER TO VERIFY ALL INFORMATION CONTAINED HEREIN Buyer to verify all information during due diligence.

Additional Information

Roof
Metal
Boat Facility
None
Appliances
Cooktop, Refrigerator
Garage Description
See Remarks
Stories
1
Fireplace Description
None
Waterfront Description
No Waterfront

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of RE/MAX of Orange Beach.

© Baldwin County Association of Realtors, Inc. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocitysm Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on .