15777 Renee Marie Avenue, Gulf Shores, AL 36542
Local realty services provided by:Better Homes and Gardens Real Estate Main Street Properties
15777 Renee Marie Avenue,Gulf Shores, AL 36542
$419,000
- 6 Beds
- 3 Baths
- 2,574 sq. ft.
- Single family
- Active
Listed by:lauren whigham
Office:roberts brothers inc. gulf coa
MLS#:7600413
Source:AL_MAAR
Price summary
- Price:$419,000
- Price per sq. ft.:$162.78
About this home
Prime investment opportunity, triplex in Gulf Shores! This income-producing triplex in Gulf Shores presents an excellent investment opportunity, boasting a spacious lot with three distinct houses. Located conveniently behind dollar general and chevron on Fort Morgan Road, this property offers a solid rental income stream with significant potential for increased revenue. House "A," (built in 2004, renovated 2024): This recently gutted and fully updated home provides approximately 864 square feet of living space, 2 bedrooms and 1 bathroom, and spacious screen porch. HVAC age: 2019. Rents for $1350 per month. This unit uses a septic tank. House "B" (relocated to the property in 1985) offers around 868 square feet of living space with 1 bedroom and a loft being used as a second bedroom, along with 1 bathroom, this home rents for $1,000 per month and is on city sewer. HVAC replaced three years ago. House "C" (built 1985) the original house on the property, this unit features 768 square feet. with 2 bedrooms and 1 bathroom. It currently rents for $1,075 per month and is on city sewer. All 3 houses have access to city water, central heating and air, & separate utility meters. Tenants do wish to stay but are on a month to month lease, offering flexibility to the new owner regarding lease terms and occupancy. With current leases, this triplex grosses $41,100 annually, demonstrating immediate income potential! Buyer to verify all information during due diligence.
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Home facts
- Year built:2004
- Listing Id #:7600413
- Added:56 day(s) ago
- Updated:July 17, 2025 at 03:37 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:3
- Full bathrooms:3
- Living area:2,574 sq. ft.
Heating and cooling
- Cooling:Ceiling Fan(s), Central Air
- Heating:Central
Structure and exterior
- Roof:Composition
- Year built:2004
- Building area:2,574 sq. ft.
- Lot area:0.74 Acres
Schools
- High school:Gulf Shores
- Middle school:Gulf Shores
- Elementary school:Gulf Shores
Utilities
- Water:Available, Public
- Sewer:Available, Public Sewer, Septic Tank
Finances and disclosures
- Price:$419,000
- Price per sq. ft.:$162.78
- Tax amount:$2,601
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