15777 Renee Marie AVE Active Save Request In-Person Tour Request Virtual Tour
Gulf Shores,AL 36542
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,574 sqft
Price per Sqft $166
MLS Listing ID 7600413
Bedrooms 6
Full Baths 3
Year Built 2004
Annual Tax Amount $2,601
Tax Year 2601
Lot Size 0.745 Acres
Property Sub-Type Single Family Residence
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 grosses $41,100 annually, demonstrating immediate income potential! Buyer to verify all information during due diligence.
Location
State AL
County Baldwin - Al
Direction Drive West down Fort Morgan, turn right on Meeker Ln. then left on Renee Marie Ave.
Rooms
Basement None
Dining Room Open Floorplan
Kitchen Other
Interior
Interior Features Other
Heating Central
Cooling Central Air,Ceiling Fan(s)
Flooring Carpet,Laminate,Other
Fireplaces Type None
Appliance Dishwasher,Electric Range,Refrigerator
Laundry Other
Exterior
Exterior Feature Private Entrance
Fence None
Pool None
Community Features None
Utilities Available Other,Sewer Available,Water Available,Electricity Available
Waterfront Description None
View Y/N true
View Other
Roof Type Composition
Total Parking Spaces 2
Building
Lot Description Other
Foundation Combination,Pillar/Post/Pier,Raised
Sewer Public Sewer,Septic Tank
Water Public
Architectural Style Patio Home
Level or Stories One and One Half
Schools
Elementary Schools Gulf Shores
Middle Schools Gulf Shores
High Schools Gulf Shores