603 Cedar Street, Foley, AL 36535
Local realty services provided by:Better Homes and Gardens Real Estate Main Street Properties
603 Cedar Street,Foley, AL 36535
$859,000
- 12 Beds
- 8 Baths
- 2,322 sq. ft.
- Multi-family
- Active
Listed by:kimberly kellyPHONE: 251-228-2115
Office:re/max of orange beach
MLS#:384958
Source:AL_BCAR
Price summary
- Price:$859,000
- Price per sq. ft.:$369.94
About this home
Exceptional 4-unit multifamily investment in the heart of Foley! Located at 451 & 455 W Pedigo Ave and 601 & 603 S Cedar St, this fully renovated property offers reliable cash flow and long-term upside. Recent upgrades include a new fortified roof, new asphalt driveway, new appliances, tankless water heaters, flooring.Currently generating $5,859/month ($70,308 annually) with four units enrolled in the HUD program, providing guaranteed rental income. Tenants pay their own utilities, keeping operating costs low. Situated on a parcel with additional land, there may be room to build a third duplex (2 more units) and expand income potential even further. Buyer to verify all information during due diligence.
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Home facts
- Year built:2005
- Listing ID #:384958
- Added:1 day(s) ago
- Updated:September 10, 2025 at 03:34 PM
Rooms and interior
- Bedrooms:12
- Total bathrooms:8
- Full bathrooms:8
- Living area:2,322 sq. ft.
Heating and cooling
- Cooling:Ceiling Fan(s)
- Heating:Electric
Structure and exterior
- Roof:Dimensional
- Year built:2005
- Building area:2,322 sq. ft.
- Lot area:0.35 Acres
Schools
- High school:Foley High
- Middle school:Foley Middle
- Elementary school:Foley Elementary
Finances and disclosures
- Price:$859,000
- Price per sq. ft.:$369.94
- Tax amount:$3,573
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