500 Grant St #C212, Daphne, AL 36526

Daphne
Local realty services provided by:Better Homes and Gardens Real Estate Platinum Properties
500 Grant St #C212,Daphne, AL 36526
$832,000
  • 2 Beds
  • 2 Baths
  • 873 sq. ft.
  • Multi-family
  • Active
Listed by: ann lawrence, james ossler
Office: roberts brothers inc. - gulf coast
MLS#:413270
Source:AL_BCAR

Price summary

  • Price:$832,000
  • Price per sq. ft.:$953.04
  • Monthly HOA dues:$430

About this home

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,...

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Home facts

  • Year built:1983
  • Subdivision & Development:BayForest
  • Listing ID #:413270
  • Added:1 day(s) ago
  • Updated:November 09, 2026 at 11:42 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:2
  • Full bathrooms:1
  • Half bathrooms:1
  • Kitchen Description:Refrigerator
  • Living area:873 sq. ft.

Heating and cooling

  • Heating:Electric

Structure and exterior

  • Roof:Composition Shingle
  • Year built:1983
  • Building area:873 sq. ft.
  • Lot Features:Some Trees
  • Architectural Style:Condo
  • Exterior Features:Covered Patio, Storage
  • Levels:1 Story

Schools

  • High school:Daphne High
  • Middle school:Daphne Middle
  • Elementary school:Daphne Elementary

Finances and disclosures

  • Price:$832,000
  • Price per sq. ft.:$953.04

Features and amenities

  • Appliances:Refrigerator

Parking

  • Parking description:Condo Assigned Parking

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