7845 Claremont #A & B, Foley, AL 36535
Local realty services provided by:Better Homes and Gardens Real Estate Platinum Properties
7845 Claremont #A & B,Foley, AL 36535
$319,999
- 6 Beds
- 3 Baths
- 2,400 sq. ft.
- Multi-family
- Active
Listed by: nicholas hehman
Office: goode realty, llc.
MLS#:409429
Source:AL_BCAR
Price summary
- Price:$319,999
- Price per sq. ft.:$133.33
About this home
**7845 Claremont Dr., Foley, AL 36535**
Excellent income-producing investment opportunity in Foley! This property features **two separate mobile homes**, each offering **3 bedrooms and 2 bathrooms**, providing a total of six bedrooms and four bathrooms across two residences. Both homes are in good condition and are currently producing rental income.
**Home #1 currently rents for $1,800 per month, and Home #2 rents for $1,500 per month**, generating a combined **$3,300 in monthly rental income and $39,600 in annual gross income**. At the asking price of **$319,999.99**, the current rents represent an approximate **12.38% gross annual return before expenses**.
This property offers flexibility for investors looking to add established rental income to their portfolio or for an owner-occupant interested in living in one residence while collecting income from the other. With two separate 3-bedroom residences already generating income, the property provides immediate cash flow along with the potential for future rental growth.
Conveniently located in **Foley, Alabama**, with access to shopping, schools, employment centers, restaurants, and the Alabama Gulf Coast. Whether you're looking for a straightforward rental investment, a multi-residence property, or an opportunity to offset your housing costs with rental income, **7845 Claremont Dr. offers a compelling combination of income and versatility.**
**** Asking Price: **$319,999.99** | Current Monthly Rent: **$3,300** | Current Annual Gross Rent: **$39,600** | Approximate Gross Yield: **12.38%** | Two Separate Residences | Each Residence: **3 BR / 2 BA**
*Investment figures are based on current reported rental income and are provided for informational purposes only. Gross return does not account for property taxes, insurance, maintenance, vacancy, management, financing, or other ownership expenses. Buyer to verify all property information, rental income, leases, and investment figures during due diligence.* Buyer to verify all information during due diligence....
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Home facts
- Year built:1990
- Subdivision & Development:Briarwood Estates
- Listing ID #:409429
- Added:39 day(s) ago
- Updated:September 30, 2026 at 04:10 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:3
- Full bathrooms:3
- Kitchen Description:Cooktop, Dishwasher, Microwave, Refrigerator
- Living area:2,400 sq. ft.
Heating and cooling
- Heating:Electric
Structure and exterior
- Roof:Composition Shingle
- Year built:1990
- Building area:2,400 sq. ft.
- Lot Features:Less Than 1 Acre
- Architectural Style:Duplex, Mobile Home
- Exterior Features:Porch Open
- Levels:1 Story
Schools
- High school:Foley High
- Middle school:Foley Middle
- Elementary school:Foley Elementary
Finances and disclosures
- Price:$319,999
- Price per sq. ft.:$133.33
Features and amenities
- Appliances:Cooktop, Dishwasher, Microwave, Refrigerator, Smoke Detector
- Amenities:Smoke Detector
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