Foley, AL 36535 531 W Laurel Avenue

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Presented By: Ryals Realty, Inc; allanikitina@ryalsrealty.com
  • MLS# 367907
  • 09/13/2024
  • Request Tour
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  • Beds • 6
  • Baths • 6
  • SQFT • 3,743

Home Details

This charming six-plex, built in 1925, is a historical gem located just steps from Foley Downtown. With only four owners in nearly a century, this property sits on a little over half an acre. Currently operated as a 55+ community, it's consistently 100% occupied. Walking distance to Foley Elementary and Middle Schools, and downtown with all you need doctor's offices, vet clinic, restaurants, shops - you name it. South Baldwin Regional Medical Center, Police Department, Municipal Court, DMV, Riviera Utilities and more are located within 2 miles radius. The two-story building houses six units, each offering 1 bedroom and 1 bathroom and its own kitchen. Five units are on the main floor, while one occupies the upstairs level. All units come equipped with individual mini-split A/C systems. Coin laundry is available for common use. There's also a full basement, not in use by tenants, offering extra potential. Ample on-site parking is available for tenant convenience. Utilities are included in the tenant's monthly payments. The property underwent a renovation in 2018, with updated electrical, plumbing, sprinkler, and smoke detector systems, ensuring modern functionality in a historic setting. Buyer to verify all information during due diligence.
Presented By: Ryals Realty, Inc; allanikitina@ryalsrealty.com

General for 531 W Laurel Avenue

AppliancesElectric Range, Cooktop
Building Area UnitsSquare Feet
Carport Y/NNo
CityFoley
Community Features55 Plus Community, Other
Construction MaterialsBrick, Block
CoolingOther
CountyBaldwin
DirectionsWhen headed Hwy 59 South, on the intersection of US Hwy 98 and 59 - take East towards West Laurel Ave. Property will be located on left hand side right before the St Margaret of Scotland Catholic Pari
Elementary SchoolFoley Elementary
Full Baths6
Garage Y/NNo
HOANo
HOA Fee$
HeatingOther
High SchoolFoley High
Home Warranty Y/NNo
LevelsTwo
Living Area UnitsSquare Feet
Lot Size Square Feet25700.4
Lot Size UnitsSquare Feet
MLS AreaFoley 2
Middle/Junior High SchoolFoley Middle
New ConstructionNo
Occupancy TypeTenant
OwnershipWhole/Full
Property Attached Y/NNo
Property ConditionResale
Property SubtypeMulti Family
Property TypeResidential Income
RoofMetal, Tile
Security FeaturesSmoke Detector(s)
Senior Community Y/NYes
SewerPublic Sewer
Standard StatusActive
StatusActive
Structure TypeMulti-Story, Garage Apartment
Subdivision NameNone
Tax Annual Amount2953
UtilitiesRiviera Utilities
ViewNone/Not Applicable
Waterfront FeaturesNo Waterfront
Year Built1925
Zoning Description2+ Family Residence

Interior for 531 W Laurel Avenue

Air Conditioning Y/NYes
Common WallsCorner Unit, No One Below, Other-See Remarks
Dining Room FeaturesSee Remarks
Fireplace Y/NNo
FlooringTile, Wood, Laminate
Half Baths
Heating Y/NYes
Interior AmenitiesCeiling Fan(s)
Laundry FeaturesCommon Area
LivingAreaSourceAssessor
Primary Bedroom FeaturesOther - See Remarks
Total Baths6
Total Bedrooms6
Total Fireplaces0

Exterior for 531 W Laurel Avenue

Building Area Total3743
Lot Dimensions140 x 185
Lot Size Acres0.59
Lot Size Area25700.4
Parking FeaturesAttached, Three or More Vehicles
SpaNo
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Sam Winter

Real Estate Agent
Price $679,000
MLS#367907
List Date 09/13/2024
Property Type Multi-Family
Phone 251.751.3908
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