500 Grant St #C212, Daphne, AL 36526
500 Grant St #C212, Daphne, AL 36526
500 Grant St #C212, Daphne, AL 36526
500 Grant St #C212, Daphne, AL 36526
500 Grant St #C212, Daphne, AL 36526
500 Grant St #C212, Daphne, AL 36526
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Nicole Smith

Nicole Smith

+1(251) 776-2909
$ 832,000
Est. payment | /mo

2 Beds

2 Baths

873 SqFt

Save
$ 832,000
Est. payment | /mo
Save

2 Beds

2 Baths

873 SqFt

Key Details

Property Type Multi-Family

Sub Type Four To Ten Units

Listing Status Active

Purchase Type For Sale

Square Footage 873 sqft

Price per Sqft $953

Subdivision Bayforest

MLS Listing ID 413270

Style Condo

Bedrooms 2

Full Baths 1

Half Baths 1

Construction Status Resale

HOA Fees $430/mo

HOA Y/N Yes

Year Built 1983

Property Sub-Type Four To Ten Units

Source Baldwin County

Property Description

SEVEN-UNIT CONDO INVESTMENT OPPORTUNITY IN DAPHNE, AL! Expand your real estate portfolio with seven Bay Forest condos available together for $832,000, with one unit included AT NO COAST as part of the full seven-unit package! This investment opportunity features four occupied units generating rental income and three vacant, move-in-ready units offering additional leasing potential. The four occupied condos are also offered together for $572,000, with reported gross annual income of $63,700, net operating income (NOI) of $41,392, and a 7.24% pro forma cap rate based on the four-unit offering. The seller prefers a portfolio sale but will consider individual offers. Seller will pay off the temporary HOA special assessment at closing. A $5,000 seller concession is available toward closing costs or a 2-1 rate buydown for the vacant units, subject to applicable terms and lender approval. Reference MLS #: Occupied units: MLS 395674, 395671, 395670, 395666. Vacant units: MLS 395673, 395672, 395668. Contact us for financials, rental information, and purchase options! Financial figures are based on historical performance and pro forma calculations; future income and returns are not guaranteed. Buyer to verify all information during due diligence Buyer to verify all information during due diligence.

Location

State AL

County Baldwin

Zoning SingleFamily

Rooms

Dining Room LivingDiningKitchenCombo

Interior

Heating Electric

Fireplaces Type No Fireplace

Furnishings Unfurnished

Fireplace No

Appliance Refrigerator

Heat Source Electric

Exterior

Exterior Feature Storage

Parking Features Condo Assigned Parking

Community Features Other

Utilities Available Total Electric, Daphne Utilities, Water Heater Electric

Waterfront Description No Waterfront

View Y/N No

View None, 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 Other/See Remarks

Special Listing Condition None

Listed by Roberts Brothers Inc. - Gulf Coast

Nearby Locations

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Nicole Smith
Nicole Smith

REALTOR® | Licensed in Alabama and Florida Lic# AL #82151 / FL #SL3129219

+1(251) 776-2909

1545 W 2nd St, Gulf Shores, AL 36542, USA

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500 Grant St #C212