15777 Renee Marie Drive new Save Request In-Person Tour Request Virtual Tour
Gulf Shores,AL 36542
Key Details
Property Type Single Family Home
Sub Type Other-See Remarks
Listing Status Active
Purchase Type For Sale
Square Footage 2,574 sqft
Price per Sqft $166
MLS Listing ID 380938
Style Other-See Remarks
Bedrooms 6
Full Baths 3
Construction Status Resale
Year Built 2004
Annual Tax Amount $2,601
Lot Size 0.745 Acres
Lot Dimensions 150 x 217
Property Sub-Type Other-See Remarks
Property Description
Prime investment opportunity, triplex in Gulf Shores! This income-producing triplex in Gulf Shores presents an excellent investment opportunity, boasting a spacious lot with three distinct houses. Located conveniently behind dollar general and chevron on Fort Morgan Road, this property offers a solid rental income stream with significant potential for increased revenue. House "A," (built in 2004, renovated 2024): This recently gutted and fully updated home provides approximately 864 square feet of living space, 2 bedrooms and 1 bathroom, and spacious screen porch. HVAC age: 2019. Rents for $1350 per month. This unit uses a septic tank. House "B" (relocated to the property in 1985) offers around 868 square feet of living space with 1 bedroom and a loft being used as a second bedroom, along with 1 bathroom, this home rents for $1,000 per month and is on city sewer. HVAC replaced three years ago. House "C" (built 1985) the original house on the property, this unit features 768 square feet. with 2 bedrooms and 1 bathroom. It currently rents for $1,075 per month and is on city sewer. All 3 houses have access to city water, central heating and air, & separate utility meters. Tenants do wish to stay but are on a month to month lease, offering flexibility to the new owner regarding lease terms and occupancy. With current leases, this triplex grosses $41,100 annually, demonstrating immediate income potential! Buyer to verify all information during due diligence.
Location
State AL
County Baldwin
Area Gulf Shores 1
Zoning Single Family Residence
Interior
Interior Features Other Rooms (See Remarks),Ceiling Fan(s)
Heating Electric
Flooring Wood
Fireplace No
Appliance Electric Range,Refrigerator
Exterior
Parking Features Three or More Vehicles
Fence Partial
Utilities Available Gulf Shores Utilities,Cable Connected
Waterfront Description No Waterfront
View Y/N No
View None/Not Applicable
Roof Type Composition
Garage Yes
Building
Lot Description Less than 1 acre
Story 1
Foundation Slab
Sewer Grinder Pump,Public Sewer,Septic Tank
Water Public
Architectural Style Other-See Remarks
New Construction No
Construction Status Resale
Schools
Elementary Schools Gulf Shores Elementary
Middle Schools Gulf Shores Middle
High Schools Gulf Shores High
Others
Pets Allowed Allowed
Ownership Whole/Full