Charming cottage, with detached, secondary dwelling, that is incoming producing with two apartments (long term lease tenants already in place). Property management company reports both tenants are current on their leases with the studio at $950/month with current lease expiring 1/31/2025 and upstairs apartment at $1095/month with lease expiring 12/31/2024 (tenant reported to have been living in this unit 7 years). Cottage has also served as a vacation rental and a primary residence. Cottage has new luxury vinyl plank floors, beautifully updated bathrooms, while still keeping 1940's design. New Flooring, New Fortified Roof (after Sally), open and bright kitchen, separate dining space, cozy living room and den, the archways between rooms will make you swoon. Den has large windows overlooking the backyard grove of fruit trees. One bedroom also has a back door entrance, for convenience if wanting to rent just one room out. Apartment 1 is top floor, with one bedroom, possible for two, one bath, private entrance and parking. Apartment 2 is bottom floor open style studio with entrance off front, separate drive (no stove or oven). Orange Avenue is closely connected to the thriving Foley Main Street District, with restaurants, shops, services, and a short ride to the beautiful beaches along the Alabama Gulf Coast. Investors will delight in the income potential year round-tourism is always at a peak in Foley and across Baldwin County. All structures being sold as is, buyer to verify all information deemed pertinent.
Property Type :
Residential
Subdivision :
N0ne
County :
Baldwin
Style :
Residential
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ByOwner last updated this listing 04/29/2024 @ 11:51
MLS: 7342327
LISTED BY: Jenny Carr, EXIT Realty Landmark
SOURCE: GCMLS2
Buyer Agency Compensation: 3%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
