INVESTMENT OPPORTUNITY - Long term rental machines! THREE HOUSES on 150 x 218 Lot in GULF SHORES! Grossing $2750 per month / $33,000 annually. The Lot is approximately .74 of an acre with natural shade from mature Live Oaks on the property. Each house has 2 bedrooms, 1 bathroom, living room, kitchen and utility sheds plumbed for washer and dryers. House “C” Rents for $925 per month (768 sq ft. is the original house, built in 1985). House “B” was moved onto the property in 1985 and has approx. 868 sq ft and is on septic. This home also rents for $925 a month. House “A” was built in 2004 and has approx. 864 sq ft. This home is on sewer and rents for $900 / month. All have city water, central heat and air and separate meters. The houses have been renovated over the past couple of years and rent very easily. Great for investment or live in one and the rent from the other 2 pay all your costs. All are rented on 12 month leases. Same renters for the past couple of years. There is plenty of parking space on the lot as well enough to store either RV or boats. Dollar General, Chevron, Butcher Block and Coffee Shop are a stone throw away! A couple of minutes from Little Lagoon Boat Launch and public beach in Fort Morgan.
Courtesy of: Coastal Leaders Realty Group The data relating to real estate for sale on this website comes in part from the Baldwin County Association of REALTORS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Updated: 27th September, 2021 5:24 PM