$828,000
$859,000
3.6%For more information regarding the value of a property, please contact us for a free consultation.
603 Cedar Street Foley, AL 36535
12 Beds
8 Baths
2,322 SqFt
Key Details
Sold Price $828,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,322 sqft
Price per Sqft $356
Subdivision City Of Foley
MLS Listing ID 384958
Sold Date 02/27/26
Bedrooms 12
Full Baths 8
Construction Status Resale
Year Built 2005
Annual Tax Amount $3,573
Lot Size 0.351 Acres
Lot Dimensions 100 x 170
Property Sub-Type Duplex
Property Description
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.
Location
State AL
County Baldwin
Area Foley 2
Interior
Interior Features Ceiling Fan(s), Storage
Heating Electric
Cooling Ceiling Fan(s)
Flooring Vinyl
Fireplace No
Appliance Dishwasher, Microwave, Electric Range, Refrigerator, Tankless Water Heater
Exterior
Exterior Feature Storage, Termite Contract
Parking Features None
Community Features None
Utilities Available Riviera Utilities
Waterfront Description No Waterfront
View Y/N No
View None/Not Applicable
Roof Type Dimensional
Attached Garage false
Garage No
Building
Story 1
New Construction No
Construction Status Resale
Schools
Elementary Schools Foley Elementary
Middle Schools Foley Middle
High Schools Foley High
Others
Senior Community No
Ownership Whole/Full
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Bought with RE/MAX of Orange Beach
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