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Delaney Blain

[email protected] +1(251) 223-2443

$ 149,000

Est. payment -/mo

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Active

500 Grant Street #B206 Daphne, AL 36526

2 Beds

2 Baths

873 SqFt

UPDATED:

Key Details

Property Type Condo

Sub Type Residential Attached

Listing Status Active

Purchase Type For Sale

Square Footage 873 sqft

Price per Sqft $170

Subdivision Bay Forest

MLS Listing ID 395666

Style Condo

Bedrooms 2

Full Baths 1

Half Baths 1

Construction Status Resale

HOA Fees $250/mo

HOA Y/N Yes

Rental Info Yes

Year Built 1983

Property Sub-Type Residential Attached

Source Baldwin County

Property Description

INVESTOR OPPORTUNITY! Seven units are available for purchase together or separately, offering flexibility for investors looking to add to their portfolio or acquire a cash-flowing package. The seller would prefer a portfolio sale but will consider individual offers. The four occupied units are offered together for $572,000, with $63,700 in gross annual income, $41,392 NOI, and a 7.24% pro forma cap rate. These figures are based on historical performance and are provided for informational purposes only; future income, expenses, and returns are not guaranteed and may change. For reference, the individual MLS numbers for the four occupied units are: 395674, 395671, 395670, 395666. Seller will pay off the temporary HOA special assessment at closing. The remaining three units are vacant and move-in ready, with a $5,000 seller concession available toward closing costs or a 2-1 rate buydown. For reference, the individual MLS numbers for the three vacant units are: 395673, 395672, 395668. The seller is ready to make a deal! Call today for details, financials, or package options. Buyer to verify all information during due diligence.

Location

State AL

County Baldwin

Rooms

Dining Room LivingDiningKitchenCombo

Interior

Heating Electric

Cooling Electric

Flooring Wood

Fireplaces Type No Fireplace

Furnishings Unfurnished

Fireplace No

Appliance Dryer, Washer, Dishwasher, Refrigerator, Electric Range

Heat Source Electric

Exterior

Exterior Feature Storage

Parking Features Condo Assigned Parking

Pool In Ground

Community Features None

Utilities Available Total Electric, Daphne Utilities, Riviera Utilities, Water Heater Electric

Waterfront Description No Waterfront

View Y/N No

View None/Not Applicable

Roof Type Composition Shingle

Porch Covered Patio

Building

Lot Description Some Trees

Story 2

Entry Level 2

Architectural Style Condo

Construction Status Resale

Schools

Elementary Schools Daphne Elementary

Middle Schools Daphne Middle

High Schools Daphne High

Others

HOA Name Bay Forest

HOA Fee Include Pool,Taxes Common Area,Common Area Insurance,Common Area Maintenance

Special Listing Condition None

Listed by Roberts Brothers Inc. - Gulf Coast

NEARBY SCHOOLS & PROPERTIES

Delaney Blain

Real Estate Advisor License ID: 153443

+1(251) 223-2443

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