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531 W Laurel Avenue

Foley, AL 36535

6 beds
6 baths
3,743 sqft
~1/2 acre lot
$197 per sqft
1925 build
– on site

This charming six-plex, built in 1925, is a historical gem located just steps from Foley Downtown. With only four owners in nearly a century, this property sits on a little over half an acre. Currently operated as a 55+ community, it's consistently 100% occupied. Walking distance to Foley Elementary and Middle Schools, and downtown with all you need doctor's offices, vet clinic, restaurants, shops - you name it. South Baldwin Regional Medical Center, Police Department, Municipal Court, DMV, Riviera Utilities and more are located within 2 miles radius. The two-story building houses six units, each offering 1 bedroom and 1 bathroom and its own kitchen. Five units are on the main floor, while one occupies the upstairs level. All units come equipped with individual mini-split A/C systems. Coin laundry is available for common use. There's also a full basement, not in use by tenants, offering extra potential. Ample on-site parking is available for tenant convenience. Utilities are included in the tenant's monthly payments. The property underwent a renovation in 2018, with updated electrical, plumbing, sprinkler, and smoke detector systems, ensuring modern functionality in a historic setting. Buyer to verify all information during due diligence.

Listing courtesy of BCAR / Ryals Realty Services, Inc

Last checked: Checking… • Last updated Sep 20, 2024 •

MLS# 367907 —

The Building

Year Built:

1925
New Construction:

false
Construction Materials:

Brick, Block
Structure Type:

Multi-Story, Garage Apartment
Roof:

Metal, Tile
Levels:

Two
Security Features:

Smoke Detector(s)
Common Walls:

Corner Unit, No One Below, Other-See Remarks
Building Area Total:

3743
Building Area Units:

Square Feet
Building Area Source:

Assessor

Interior

Interior Features:

Ceiling Fan(s)
Flooring:

Laminate, Tile, Wood
Dining Room Features:

See Remarks
Fireplace:

false
Laundry Features:

Common Area

Room Dimensions

Living Area:

3743
Living Area Units:

Square Feet
Living Area Source:

Assessor

Financial & Terms

Ownership:

Whole/Full

Location

Directions:

When headed Hwy 59 South, on the intersection of US Hwy 98 and 59 - take East towards West Laurel Ave. Property will be located on left hand side right before the St Margaret of Scotland Catholic Parish.
Cross Street:

S Schumacher Str

The Property

Property Type:

Residential Income
Property Subtype:

Multi Family
Property Condition:

Resale
Zoning Description:

2+ Family Residence
Parcel Number:

055409293000005.002
Lot Size Area:

25700.4
Lot Size Acres:

0.59
Lot Size SqFt:

25700.4
Lot Size Dimensions:

140 x 185
Lot Size Units:

Square Feet
View:

false
View:

None/Not Applicable
Water Source:

Public
Waterfront:

false
Waterfront Features:

No Waterfront

Listing Agent

Contact info:

Taxes

Tax Annual Amount:

2953

Beds

Bedrooms Total:

6
Master Bedroom Features:

Other - See Remarks

Baths

Total Baths:

6
Total Baths:

6
Full Baths:

6

The Listing

Home Warranty:

false

Heating & Cooling

Heating:

Other
Heating:

true
Cooling:

Other
Cooling:

true

Utilities

Utilities:

Riviera Utilities
Sewer:

Public Sewer

Appliances

Appliances:

Cooktop, Electric Range

Schools

Elementary School:

Foley Elementary
Middle Or Junior School:

Foley Middle
High School:

Foley High

The Community

Subdivision Name:

None
Community Features:

55 Plus Community, Other
Association:

false
Senior Community:

true
Subdivision:

AL
Boat Facilities:

None

Parking

Garage:

false
Carport:

false
Parking Features:

Attached, Three or More Vehicles

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
9/20/24 Sep 20, 2024	Listed / Active	BCAR	$739,000

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This multifamily located in Foley, AL 36535 is currently for sale for $739,000. 531 W Laurel Avenue is a 3,743 square foot multifamily with 6 beds and 6 baths that has been on Estately for 93 days. This multifamily is in the attendance area of Foley Middle School, Foley Elementary School, and Foley High School.

Listing Courtesy of: BCAR and Ryals Realty Services, Inc.

The information provided is exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.