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.
Multi-familyProperty Type
2005Year Built
0.35 acresLot Size
$335Est. Price/Sq.Ft.
Listed by Kimberly T Kelly• RE/MAX of Orange Beach
Contact: PHONE: 251-228-2115
Bought with Kimberly T Kelly• RE/MAX of Orange Beach
Bought with Kimberly T Kelly• RE/MAX of Orange Beach
Appliances: Microwave, Dishwasher, Refrigerator, Electric Range, Tankless Water Heater
Flooring: Vinyl
Exterior
Exterior Features
Exterior Features: Storage
Building Information
Construction Materials: Vinyl Siding
Property Features
On Waterfront
Security Features: Smoke Detector(s)
Other Structures: Barn(s), Storage
Property Information
Property Type: Residential Income
Property Sub Type: Duplex
Raw Mls Property Sub Type: Duplex
Lot Information
Lot Size : 100x170
Lot Size Acres: 0.351
Financial
Tax Information
Tax Annual Amount: $3,573.20
Location
Schools Information
Elementary School: Foley Elementary
Middle Or Junior School: Foley Middle
High School: Foley High
Location Information
Directions: From Highway 59 and 98 in Foley head west on 98 and turn left on Cedar street at Foley elementary school. After passing the Max Griffen park you will see the duplex on the left on Cedar. The other duplex is directly behind on Pedigo.
Subdivision Name: City Of Foley
Community Information
Community Features: None
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Single Family Residential
Year Built: —
Year Renovated: —
County: Baldwin County
APN: —
Home facts updated by county records on Aug 29, 2023
Other
Listing Information
AttributionContact: PHONE: 251-228-2115
Listing and Selling Team Information
Buyer Team Name: Kim Kelly Team
Around this home
Schools
Foley Elementary School
Public PreK-6 • Assigned • 0.6mi
7/10
Foley Middle School
Public 7-8 • Assigned • 0.5mi
8/10
Foley High School
Public 9-12 • Assigned • 1.3mi
7/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
4/10 Fire Factor
0.93% chance of being in a wildfire in next 30 years
10/10 Heat Factor
7 days above 105° expected this year, 23 days in 30 years
9/10 Wind Factor
99% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Foley, AL • 36535
Average low and high temperatures (°F)
60
40
69
48
74
54
79
60
83
67
89
73
92
76
89
74
88
69
81
61
73
55
65
45
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.6 hours in
June and 5 hours in December, which is comparable to the
U.S. average for solar exposure.
8.6 hrs
5 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$741,000 – $896,000
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