AL > Foley > Magnolia Sprg Lnd
Foley, AL 36535,606,,,706 N Alston Street
Foley, AL 36535,606,,,706 N Alston Street
Foley, AL 36535,606,,,706 N Alston Street
Foley, AL 36535,606,,,706 N Alston Street
Foley, AL 36535,606,,,706 N Alston Street
Foley, AL 36535,606,,,706 N Alston Street
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Alysa Algiere

Alysa Algiere

+1(850) 324-4130
$ 1,650,000
Est. payment | /mo

20 Beds

10 Baths

9,984 SqFt

Save
$ 1,650,000
Est. payment | /mo
Save

20 Beds

10 Baths

9,984 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,984 sqft

Price per Sqft $165

Subdivision Magnolia Sprg Lnd

MLS Listing ID 381247

Bedrooms 20

Full Baths 10

Construction Status Resale

Year Built 1977

Annual Tax Amount $6,717

Lot Size 0.430 Acres

Lot Dimensions 150' x 125' + 2 more

Property Sub-Type Multi Family

Property Description

Rare Investment Opportunity – Prime Location in Foley, ALDon't miss this exceptional opportunity to acquire 10 apartment units each offering two bedrooms and one bath across three parcels (PPIN #396767, #72683, and #48020) located near each other in one of Foley's fastest-growing and most desirable areas. The property was remodeled in 2022 with upgrades including stainless appliances, wood-look vinyl flooring, fresh paint, butcher block kitchen islands, and in-unit laundry roomsStrategically located just one block off Highway 59, these parcels offer excellent visibility and access—ideal for both immediate income generation and future commercial development.Zoned B-1 (Local Business District), residential use is no longer permitted under current zoning. However, the existing units are operating under legal non-conforming status, allowing continued residential occupancy.Whether you're looking for rental income or a high-profile redevelopment opportunity, this property provides both flexibility and potential.Highlights:• 10 total apartment units• 3 separate parcels: PPIN #396767, #72683, #48020• Zoned B-1 with legal non-conforming residential use• Property remodeled in 2022• Excellent exposure just one block from Hwy 59• Strong rental potential + future redevelopment opportunity** See attached document regarding zoning and rental information from the City of Foley. Buyer to verify all information during due diligence.

Location

State AL

County Baldwin

Area Foley 2

Interior

Heating Electric

Flooring Luxury Vinyl Plank

Fireplaces Type None

Fireplace No

Appliance Other

Exterior

Parking Features On Street

Community Features Fencing, None

Waterfront Description No Waterfront

View Y/N No

View None/Not Applicable

Roof Type Metal

Garage Yes

Building

Story 1

Foundation Slab

New Construction No

Construction Status Resale

Schools

Elementary Schools Foley Elementary

Middle Schools Foley Middle

High Schools Foley High

Others

Ownership Whole/Full

Listed by RE/MAX Paradise
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606,,,706 N Alston Street