531 W Laurel Avenue, Foley, AL

$739,000

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6

Beds

6

Baths

3,743

Square feet

0.59

Acres

About 531 W Laurel Avenue

This charming six-plex, built in 1925, is a historical gem located just steps from Foley Downtown. With only four owners in nearly a century, this property sits on a little over half an acre. Currently operated as a 55+ community, it's consistently 100% occupied. Walking distance to Foley Elementary and Middle Schools, and downtown with all you need doctor's offices, vet clinic, restaurants, shops - you name it. South Baldwin Regional Medical Center, Police Department, Municipal Court, DMV, Riviera Utilities and more are located within 2 miles radius. The two-story building houses six units, each offering 1 bedroom and 1 bathroom and its own kitchen. Five units are on the main floor, while one occupies the upstairs level. All units come equipped with individual mini-split A/C systems. Coin laundry is available for common use. There's also a full basement, not in use by tenants, offering extra potential. Ample on-site parking is available for tenant convenience. Utilities are included in the tenant's monthly payments. The property underwent a renovation in 2018, with updated electrical, plumbing, sprinkler, and smoke detector systems, ensuring modern functionality in a historic setting. Buyer to verify all information during due diligence.

Features of 531 W Laurel Avenue

MLS® # 367907
Price $739,000
Bedrooms 6
Bathrooms 6.00
Full Baths 6
Square Footage 3,743
Acres 0.59
Year Built 1925
Type Residential Income
Sub-Type Multi Family
Status Active

Community Information

Address 531 W Laurel Avenue
Area Foley 2
Subdivision None
City Foley
County Baldwin
State AL
Zip Code 36535

Amenities

Amenities 55 Plus Community, Other
Utilities Riviera Utilities
Parking Attached, Three or More Vehicles
View None/Not Applicable
Is Waterfront No
Waterfront No Waterfront
Has Pool No

Interior

Interior Laminate, Tile, Wood
Interior Features Ceiling Fan(s)
Appliances Cooktop, Electric Range
Heating Other
Cooling Other
Fireplace No
Stories Two
Has Basement No

Exterior

Exterior Brick, Block
Roof Metal, Tile
Construction Resale

School Information

Elementary Foley Elementary
Middle Foley Middle
High Foley High

Additional Information

Zoning 2+ Family Residence
Foreclosure No
Short Sale No

Listing Details

OfficeRyals Realty Services, Inc
Contact Infoallanikitina@ryalsrealty.com

Listing Map

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