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$429,000

Est. payment - /mo

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6 Beds

3 Baths

2,574 SqFt

New

15777 Renee Marie Drive Gulf Shores, AL 36542

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Jennifer Sage

jennifer.sage@exprealty.com +1(251) 751-3839

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Key Details

Property Type Single Family Home

Sub Type Other-See Remarks

Listing Status Active

Purchase Type For Sale

Square Footage 2,574 sqft

Price per Sqft $166

MLS Listing ID 380938

Style Other-See Remarks

Bedrooms 6

Full Baths 3

Construction Status Resale

Year Built 2004

Annual Tax Amount $2,601

Lot Size 0.745 Acres

Lot Dimensions 150 x 217

Property Sub-Type Other-See Remarks

Property Description

Prime investment opportunity, triplex in Gulf Shores! This income-producing triplex in Gulf Shores presents an excellent investment opportunity, boasting a spacious lot with three distinct houses. Located conveniently behind dollar general and chevron on Fort Morgan Road, this property offers a solid rental income stream with significant potential for increased revenue. House "A," (built in 2004, renovated 2024): This recently gutted and fully updated home provides approximately 864 square feet of living space, 2 bedrooms and 1 bathroom, and spacious screen porch. HVAC age: 2019. Rents for $1350 per month. This unit uses a septic tank. House "B" (relocated to the property in 1985) offers around 868 square feet of living space with 1 bedroom and a loft being used as a second bedroom, along with 1 bathroom, this home rents for $1,000 per month and is on city sewer. HVAC replaced three years ago. House "C" (built 1985) the original house on the property, this unit features 768 square feet. with 2 bedrooms and 1 bathroom. It currently rents for $1,075 per month and is on city sewer. All 3 houses have access to city water, central heating and air, & separate utility meters. Tenants do wish to stay but are on a month to month lease, offering flexibility to the new owner regarding lease terms and occupancy. With current leases, this triplex nets $41,100 annually, demonstrating immediate income potential! Buyer to verify all information during due diligence.

Location

State AL

County Baldwin

Area Gulf Shores 1

Zoning Single Family Residence

Interior

Interior Features Other Rooms (See Remarks), Ceiling Fan(s)

Heating Electric

Flooring Wood

Fireplace No

Appliance Electric Range, Refrigerator

Exterior

Parking Features Three or More Vehicles

Fence Partial

Utilities Available Gulf Shores Utilities, Cable Connected

Waterfront Description No Waterfront

View Y/N No

View None/Not Applicable

Roof Type Composition

Garage Yes

Building

Lot Description Less than 1 acre

Story 1

Foundation Slab

Sewer Grinder Pump, Public Sewer, Septic Tank

Water Public

Architectural Style Other-See Remarks

New Construction No

Construction Status Resale

Schools

Elementary Schools Gulf Shores Elementary

Middle Schools Gulf Shores Middle

High Schools Gulf Shores High

Others

Pets Allowed Allowed

Ownership Whole/Full

Listed by Roberts Brothers Inc. Gulf Coa

GET MORE INFORMATION

+1(251) 751-3839

jennifer.sage@exprealty.com