Foley, AL 36535 0 Shelene Way
$3,000,000
25 more
Presented By: Realty Executives Gulf Coast; PHONE: 251-942-5744
SQFT • 7,566
Home Details
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 during due diligence.
Presented By: Realty Executives Gulf Coast; PHONE: 251-942-5744
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Sam Winter
Real Estate Agent
