Listing Details
- $3,000,000
- MLS# 390934
- Type Commercial - Business
- Status Active
Description
20 Townhome units in four buildings along with common area land positioned in a gated development. Located in Foley AL, the states fastest growing city in 2025, only 9 miles to Gulf Shores public beach and within a 5-10 minute drive to all Foley has to offer. Renter demand is very strong for this product and this rate of rent in Foley, AL. These units stay rented/occupied with 12 month leases; and provide a consistent strong income with low owner expense. Current rental rates provide a 8.3% CAP rate; per Owner information. This is a rare find in Foley, AL and should be considered by all serious investors! Buyer to verify all information...read more
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 06/13/2026. The listing information on this page last changed on 06/13/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 06/13/2026 12:00:01 AM EST) or Pensacola MLS (last updated Fri 06/12/2026 11:53:12 PM EST) or Baldwin County MLS (last updated Fri 06/12/2026 11:51:18 PM EST) or Gulf Coast MLS (last updated Fri 06/12/2026 11:51:10 PM EST). Real estate listings held by brokerage firms other than Bellator Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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All Property Features
- Property Type: Commercial - Business
- Construction Materials: Wood Siding
- Cooling: Central Air, Heat Pump
- Days on Site: 135
- Dining Room: See Remarks
- Exterior: Wood
- Lot Description: Elevation-High, Level
- Lot Dimensions: 481' x 268' (+-)
- Lot Size: 3.00 Acres
- Parcel #: 304688
- Parcel#: 304688
- Parking: Covered Attached
- Parking Notes: Covered Attached
- Sewer: Public Sewer
- Stories: 2.0
- Units: 20
- Utilities: Cable Available
- Water: Public
- Year Built: 2008