6 Beds
3 Baths
2,400 SqFt
6 Beds
3 Baths
2,400 SqFt
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $133
Subdivision Briarwood Estates
MLS Listing ID 409429
Style Duplex,Mobile Home,Detached Unit
Bedrooms 6
Full Baths 3
Construction Status Resale
HOA Y/N No
Rental Info Yes
Year Built 1990
Property Sub-Type Duplex
Source Baldwin County
Property Description
Excellent income-producing investment opportunity in Foley! This property features **two separate mobile homes**, each offering **3 bedrooms and 2 bathrooms**, providing a total of six bedrooms and four bathrooms across two residences. Both homes are in good condition and are currently producing rental income.
**Home #1 currently rents for $1,800 per month, and Home #2 rents for $1,500 per month**, generating a combined **$3,300 in monthly rental income and $39,600 in annual gross income**. At the asking price of **$319,999.99**, the current rents represent an approximate **12.38% gross annual return before expenses**.
This property offers flexibility for investors looking to add established rental income to their portfolio or for an owner-occupant interested in living in one residence while collecting income from the other. With two separate 3-bedroom residences already generating income, the property provides immediate cash flow along with the potential for future rental growth.
Conveniently located in **Foley, Alabama**, with access to shopping, schools, employment centers, restaurants, and the Alabama Gulf Coast. Whether you're looking for a straightforward rental investment, a multi-residence property, or an opportunity to offset your housing costs with rental income, **7845 Claremont Dr. offers a compelling combination of income and versatility.**
**** Asking Price: **$319,999.99** | Current Monthly Rent: **$3,300** | Current Annual Gross Rent: **$39,600** | Approximate Gross Yield: **12.38%** | Two Separate Residences | Each Residence: **3 BR / 2 BA**
*Investment figures are based on current reported rental income and are provided for informational purposes only. Gross return does not account for property taxes, insurance, maintenance, vacancy, management, financing, or other ownership expenses. Buyer to verify all property information, rental income, leases, and investment figures during due diligence.* Buyer to verify all information during due diligence.
Location
State AL
County Baldwin
Interior
Heating Electric
Furnishings Unfurnished
Fireplace No
Appliance Cooktop, Microwave, Dishwasher, Refrigerator, Smoke Detector
Heat Source Electric
Exterior
Parking Features Other/See Remarks
Pool None
Community Features None
Utilities Available Baldwin EMC, Riviera Utilities
Waterfront Description No Waterfront
Roof Type Composition Shingle
Porch Porch Open
Building
Lot Description Less Than 1 Acre
Architectural Style Duplex, Mobile Home, Detached Unit
Construction Status Resale
Schools
Elementary Schools Foley Elementary
Middle Schools Foley Middle
High Schools Foley High
Others
Special Listing Condition None
Nearby Locations
GET MORE INFORMATION
