0 Shelene Way, Foley, AL 36535
AL · Baldwin County
Key Facts
Description
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.
Property Information
Property Type
Commercial Sale
Sub-Type
Multi Family
Year Built
2008
Living Area
7,566 sq ft
Lot Size
3.00 acres
Lot Dimensions
481' x 268' (+-)
MLS® Listing#
390934
Property Features
Cooling
Heating
Lot Features
Construction
Foundation
Utilities
Sewer
Water Source
Financial Details
HOA
None
Parcel Number
304688
Directions
Hwy 59 to Co. Rd, 20 West property is on the corner of S. Pine & Co. Rd, 20 West.
Affordability Calculator
$600,000
Estimated monthly payment
$15,967/mo
Principal $2,400,000 · Est. interest $3,348,214 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Foley, AL
- $328,214
- Median Listing Price
- 59
- Median Days on Market
- 1,815
- Median Sq Ft
- $188
- Median Price / Sq Ft
- 381
- Active Listings
- This home’s price is 814% above the area median.
- Its price per sq ft is 111% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Foley, AL.
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 0 County Road 12, Foley, AL | $2,185,000 | — | — | — |
| 19625 County Road 20, Foley, AL | $2,490,000 | — | — | — |
| 0 County Road 20, Foley, AL | $2,600,000 | — | — | — |
| 19924 County Road 10, Foley, AL | $2,750,000 | — | — | — |
| 3820-3840 STATE HIGHWAY 59, Foley, AL | $2,900,000 | — | — | 12,000 |
| 19625 County Road 20, Foley, AL | $3,049,000 | — | — | — |
Moving Cost Estimate
Listing Courtesy: Realty Executives Gulf Coast - PHONE: 251-942-5744
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or renting.