0 Schoel Lane PPIN 89355 & 252654
0 Schoel Lane PPIN 89355 & 252654
0 Schoel Lane PPIN 89355 & 252654
0 Schoel Lane PPIN 89355 & 252654
0 Schoel Lane PPIN 89355 & 252654
0 Schoel Lane PPIN 89355 & 252654
0 Schoel Lane PPIN 89355 & 252654
0 Schoel Lane PPIN 89355 & 252654
0 Schoel Lane PPIN 89355 & 252654
SEE ALL PHOTOS
0 Schoel Lane PPIN 89355 & 252654
0 Schoel Lane PPIN 89355 & 252654
0 Schoel Lane PPIN 89355 & 252654
0 Schoel Lane PPIN 89355 & 252654
0 Schoel Lane PPIN 89355 & 252654
0 Schoel Lane PPIN 89355 & 252654
0 Schoel Lane PPIN 89355 & 252654
0 Schoel Lane PPIN 89355 & 252654
0 Schoel Lane PPIN 89355 & 252654
Sold

0 Schoel Lane PPIN 89355 & 252654

0 Schoel Lane PPIN 89355 & 252654, Gulf Shores, AL 36542

$1,600,000
Discover a rare and remarkable investment opportunity in Gulf Shores! This affordable 18-unit apartment complex is an investor's dream, with these maintained units that promise consistent returns and long-term value. Situated in Gulf Shores, this complex benefits from its proximity to key amenities, including Sports Plex, restaurants, schools, The Factory Trampoline park and recreational facilities. Each apartment unit offers 1,704 square feet of thoughtfully designed living space, ensuring comfort and functionality for residents. With 2 bedrooms and 1 bathroom, with Washer Dryer Connections, these units are perfect for families, professionals, and retirees alike. The apartments are in good condition, and have been maintained. The complex has a strong occupancy rate, a testament to its desirability and the high demand for rental units in this area. The affordable rent rates not only ensure high occupancy but also provide an attractive living option for a broad demographic, guaranteeing a steady stream of rental income.This property presents an exceptional investment opportunity with its combination of affordable pricing, prime location, and high occupancy rates. These maintained units require minimal immediate investment, allowing new owners to start generating income from day one. Additionally, the potential for appreciation in this thriving community adds to the long-term value of this investment. BEING SOLD AS-IS INFORMATION DEEMED RELIABLE BUT IS NOT GUARANTEED - BUYER TO VERIFY ALL INFORMATION CONTAINED HEREIN Buyer to verify all information during due diligence.

36
beds

18
baths

1,704 Sq.Ft. LIVING AREA

1.07 Acres lot

Cheryl Ritchie

Cheryl Ritchie

Features & Amenities

Interior

  • total bedrooms36
  • Total bathrooms18
  • full bathrooms18
  • Flooring Tile
  • Fireplace None
  • APPLIANCES Cooktop, Refrigerator
  • other interior Features Ceiling Fan(s)

Area & Lot

  • Status Sold
  • Living Area1,704 Sq.Ft.
  • Lot Area1.07 Acres
  • MLS® ID363955
  • TypeMulti-Family
  • YEAR BUILT1988
  • NeighborhoodGulf Shores
  • Elementary SchoolGulf Shores Elementary
  • Middle SchoolGulf Shores Middle
  • High SchoolGulf Shores

Exterior

  • STORIES1
  • roofMetal
  • parkingSee Remarks
  • HEAT TYPECentral
  • AIR CONDITIONINGCentral Air, Ceiling Fan(s)
  • SubstructureSlab

Financial

  • Sales Price$1,600,000
  • Real Estate Tax $4,823/yr

Gulf Shores

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