AL
Baldwin - AL
Gulf Shores
36542
15777 Renee Marie Avenue
15777 Renee Marie Avenue, Gulf Shores, AL 36542
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Listing Type
Single Family
Listing Status
active
26
$419,000

Home Details for 15777 Renee Marie Avenue

Price
$419,000
Type
Residential
Bedrooms
6
Bathrooms
3.0
Square feet
NaN
Year built
2004
Lot size acres
0.745
County
Baldwin - AL
Garage
Basement
None
Days on site
96
MLS Listing#
7600413
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.

Property Features
  • Utilities
    • Other
    • Sewer Available
    • Water Available
    • Electricity Available
  • Cooling Information
    • Central Air
    • Ceiling Fan(s)
  • Heating Information
    • Central
  • Water Features
    • Public
  • House Interior
    • Other
  • Parking
    • Unassigned
  • Basement
    • None
  • Fire Place
    • None
School Information
School Information for 15777 Renee Marie Avenue, Gulf Shores, AL 36542
Elementary School
Gulf Shores
Middle School
Gulf Shores
High School
Gulf Shores
Listing Courtesy: Roberts Brothers Inc. Gulf Coa - 251-974-5625
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Market statistics compiled from data from Gulf Coast MLS / Mobile Area Association of REALTORS(R).
EXIT REALTY LANDMARK
316 South McKenzie Street, Suite 100, Foley, AL 36535
Office
251 232 7702
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