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
Interior Features for 0 Shelene Way
Bathrooms
Total Baths
Other Interior Features
LivingAreaSourceBuilder
Fireplace Y/NNo
FlooringTile, Carpet
Heating Y/NYes
General for 0 Shelene Way
Business NameShadow Lakes Townhomes
CityFoley
CountyBaldwin
DirectionsHwy 59 to Co. Rd, 20 West property is on the corner of S. Pine & Co. Rd, 20 West.
HOANo
HeatingHeat Pump, Electric
MLS AreaBaldwin
Number Of Units Total20
Property SubtypeMulti Family
Property TypeCommercial Sale
RoofComposition Shingle
Standard StatusActive
StatusActive
Stories Count2
Subdivision NameNone
UtilitiesCable TV, Water City, Sewage City, Total Electric
Year Built2008
Exterior for 0 Shelene Way
Building Area Total7566
Lot FeaturesLevel, Elevation High
Lot Size Acres3
Number of Buildings4
Waterfront Y/NNo
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
