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500 Grant Street B206
Daphne AL 36526 US

$149,000

Active Listing ID 395666
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2 bed
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873 square feet
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2.00 Bath (1 Full , 1 Half)
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Lot: 1.42 Acres
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Condominium

$149,000

Active Listing ID 395666
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500 Grant Street B206 SEVEN-UNIT CONDO INVESTMENT OPPORTUNITY IN DAPHNE, AL! Expand your real estate portfolio with seven Bay Forest condos available together for $832, 000, with one unit included AT NO COST as part of the full seven-unit package! This investment opportunity features four occupied units generating rental income and three vacant, move-in-ready units offering additional leasing potential. The four occupied condos are also offered together for $572, 000, with reported gross annual income of $63, 700, net operating income (NOI) of $41, 392, and a 7.24% pro forma cap rate based on the four-unit offering. The seller prefers a portfolio sale but will consider individual offers. Seller will pay off the temporary HOA special assessment at closing. A $5, 000 seller concession is available toward closing costs or a 2-1 rate buydown for the vacant units, subject to applicable terms and lender approval. Occupied units: MLS 395674, 395671, 395670, 395666. Vacant units: MLS 395673, 395672, 395668. Contact us for financials, rental information, and purchase options! Financial figures are based on historical performance and pro forma calculations; future income and returns are not guaranteed. Buyer to verify all information during due diligence.

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Property Features

  • Facts
  • Lot Size: 1.42 Acres
  • Property Type: Residential
  • Property Sub-type: Condominium
  • Features
  • Full Bathrooms: 1
  • 1/2 Bathrooms: 1
  • Cooling System: Electric
  • Exterior Finish: Storage
  • Floor Covering: Wood
  • Roof Type: Composition
  • Heating Fuels: Electric (Heating)
  • Additional Features
  • Fireplace
  • Patio

School Information

  • School
  • Daphne Elementary(Elementary)
  • Daphne Middle(MiddleSchool)
  • Daphne High(HighSchool)

Property

  • propertytype: Residential
  • propertysubtype: Condominium
  • listprice: 149000
  • unparsedaddress: 500 Grant Street
  • unitnumber: B206
  • postalcity: Daphne
  • stateorprovince: AL
  • country: US
  • postalcode: 36526
  • bathroomsfull: 1
  • bathroomshalf: 1
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 1.4162
  • lotsizeunits: Acres
  • lotsizearea: 1.4162
  • livingarea: 873
  • livingareaunits: Square Feet
  • latitude: 30.646665
  • longitude: -87.910242
  • listagentfullname: Ann Lawrence
  • listagentemail: anngarrett@robertsbrothers.com
  • listagentkey: 3yd-BCARAL-106642
  • listagentmlsid: 106642
  • listagentpreferredphone: 2519745625
  • listagentofficephone: 2519745625
  • listofficekey: 3yd-BCARAL-1683
  • listagentstatelicense: 152368-1
  • listofficemlsid: 1683
  • disclaimer: Copyright © 2026 Baldwin REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: BCARAL
  • yearbuilt: 1983
  • listingcontractdate: 2026-04-24
  • countyorparish: Baldwin
  • parcelnumber: 43-03-06-0-003-001.000.914
  • elementaryschool: Daphne Elementary
  • highschool: Daphne High
  • appliances: Dryer, Washer, Dishwasher, Refrigerator, Electric Range
  • cooling: Electric
  • flooring: Wood
  • heating: Electric (Heating)
  • numberofunitstotal: 8
  • fireplaceyn: True
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 0
  • parkingfeatures: Assigned
  • roof: Composition
  • waterfrontyn: False
  • franchiseaffiliation: None
  • exteriorfeatures: Storage
  • architecturalstyle: Other
  • rooms: Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 1
  • otherstructures: Storage
  • patioandporchfeatures: Patio
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: False
  • location: -87.91024, 30.646666
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Roberts Brothers Inc. Gulf Coa", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"anngarrett@robertsbrothers.com", "ListBrokerageCity":"Orange Beach", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"Roberts Brothers Inc. Gulf Coa", "ListBrokeragePhone":"2519745625", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":"AL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"27267 Perdido Beach Blvd", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"200 N OWA Blvd Ste H ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"1683", "ListOfficeCity":"Foley", "ListOfficeCountry":"US", "ListOfficeEmail":"meghansprinkle@robertsbrothers.com", "ListOfficePostalCode":"36535", "ListOfficeStateOrProvince":"AL", "ListPriceCurrencyType":"USD", "ListingTitle":"Residential, Daphne, AL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/500-Grant-St-Apt-B206_Daphne_AL_36526_M72188-40416?f=listhub&s=BCARAL&m=395666&c=rexren", "MLSModificationTimestamp":"2026-11-09 20:06:36", "Neighborhoods":[{"Description":null, "Name":"BayForest"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":1205, "TaxDescription":"Unit 206B Bay Forest Condo Sec 6-T5s-R2e", "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
  • GarageSpaces: 0
Listing Changed: 11/9/2026 8:07:25 PM GMT
Source Updated Date: 11/10/2026 1:02:43 PM GMT

Courtesy of: Ann Lawrence, Roberts Brothers Inc. - Gulf Coast, anngarrett@robertsbrothers.com

Copyright © 2026 Baldwin REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.