Courtesy of: Kimberly Kelly, RE/MAX of Orange Beach, KimTatum10@gmail.com
Courtesy of: Kimberly Kelly, RE/MAX of Orange Beach, KimTatum10@gmail.com
$859,000
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12 bed
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8.00 Bath (8 Full)
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Lot: 0.35 Acres
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Duplex
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$859,000
603 Cedar Street Exceptional 4-unit multifamily investment in the heart of Foley! Located at 451 & 455 W Pedigo Ave and 601 & 603 S Cedar St, this fully renovated property offers reliable cash flow and long-term upside. Recent upgrades include a new fortified roof, new asphalt driveway, new appliances, tankless water heaters, flooring.Currently generating $5, 859/month ($70, 308 annually) with four units enrolled in the HUD program, providing guaranteed rental income. Tenants pay their own utilities, keeping operating costs low. Situated on a parcel with additional land, there may be room to build a third duplex (2 more units) and expand income potential even further. Buyer to verify all information during due diligence.
Courtesy of: Kimberly Kelly, RE/MAX of Orange Beach, KimTatum10@gmail.com
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