Exceptional 4-unit multifamily investment in the heart of Foley! Located at 451 & 455 W Pedigo Ave and 601 & 603 S Cedar St, this fully renovated property offers reliable cash flow and long-term upside. Recent upgrades include a new fortified roof, new asphalt driveway, new appliances, tankless water heaters, flooring.Currently generating $5,859/month ($70,308 annually) with four units enrolled in the HUD program, providing guaranteed rental income. Tenants pay their own utilities, keeping operating costs low. Situated on a parcel with additional land, there may be room to build a third duplex (2 more units) and expand income potential even further. Buyer to verify all information during due diligence.
Property Features
House Interior
Walk-In Closet(s)
Ceiling Fan(s)
Storage
Cooling Information
Ceiling Fan(s)
Heating Information
Electric
Parking
None
School Information
School Information for 603 Cedar Street, Foley, AL 36535
Elementary School
Foley Elementary
Middle School
Foley Middle
High School
Foley High
Listing Courtesy: RE/MAX of Orange Beach - 251-981-2400
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Market statistics compiled from data from Baldwin County MLS.
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316 South McKenzie Street, Suite 100, Foley, AL 36535