• 22716 Al Hwy 59, Robertsdale, AL 36567 Main Photo

22716 Al Hwy 59
Robertsdale, AL 36567

$189,900

14 Photos

Listing Details

  • $189,900
  • MLS# 412912
  • Type Multi Unit - Multiple
  • Status Active
  • 7
    Bedrooms
  • 5 full
    Bathrooms
  • 2,313
    Square Feet
  • 1945
    Year Built

Listed By

Agency Name: Bellator Real Estate, LLC Spanish Fort
Agency Phone: 251-928-0031

Shown By

Agent Name: Kerrin Kostelic
Agent Phone: (850) 982-9828
Agency Title: Levin Rinke Realty

IDX logo

Home Value Estimate


Description

Income Producing investment opportunity on Highway 59 in the heart of Robertsdale (ALDOT 2025 Traffic Reports 12,313). This property offers excellent visibility along one of Baldwin County's primary north-south corridors. Currently operated as an occupied multi-family/affordable housing property with reported gross scheduled rents of $31,680 annually and estimated NOI of $18,964, providing an approximate 9.99% cap rate at the $189,900 asking price. Continue operating as an income-producing property or explore potential future commercial use/redevelopment, subject to zoning and governmental approvals. Excellent opportunity for an investor...read more

Features

  • Cooktop
  • Microwave
  • Dishwasher
  • Window Unit(s)
  • Electric
  • 1.0 Story
  • $1,946 Taxes
  • Built in 1945

Login to My Homefinder