500 Grant Street B206 Daphne, AL - Image 1500 Grant Street B206 Daphne, AL - Image 2500 Grant Street B206 Daphne, AL - Image 3500 Grant Street B206 Daphne, AL - Image 4500 Grant Street B206 Daphne, AL - Image 5

$149,000

2 Beds 1 / 1 Full / Half Baths 873 SQFT 0.00 Acres
Type: Single Family

500 Grant Street B206
Daphne, AL 36526

MLS#: 395666
Lauren Hart
Lauren Hart
Brett/Robinson | Gulf Shores Orange Beach Real Estate
Realtor
Phone: 251.321.9266
Office: 251.236.8811
Presented by: Roberts Brothers Inc. - Gulf Coast; PHONE: 251-600-5111

Property Description

 

INVESTOR OPPORTUNITY! Seven units are available for purchase together or separately, offering flexibility for investors looking to add to their portfolio or acquire a cash-flowing package. The seller would prefer a portfolio sale but will consider individual offers. The four occupied units are offered together for $572,000, with $63,700 in gross annual income, $41,392 NOI, and a 7.24% pro forma cap rate. These figures are based on historical performance and are provided for informational purposes only; future income, expenses, and returns are not guaranteed and may change. For reference, the individual MLS numbers for the four occupied units are: 395674, 395671, 395670, 395666. Seller will pay off the temporary HOA special assessment at closing. The remaining three units are vacant and move-in ready, with a $5,000 seller concession available toward closing costs or a 2-1 rate buydown. For reference, the individual MLS numbers for the three vacant units are: 395673, 395672, 395668. The seller is ready to make a deal! Call today for details, financials, or package options. Buyer to verify all information during due diligence.


 

Interior Features

Bedrooms

Total Bedrooms2

Bathrooms

Half Baths1
Total Baths2

Other Interior Features

LivingAreaSource0 sqft
Air Conditioning Y/NYes
Fireplace FeaturesNo Fireplace
Fireplace Y/NNo
FlooringWood
Furnished Y/NUnfurnished
Heating Y/NYes
Total Fireplaces0

General

AppliancesDryer, Washer, Dishwasher, Refrigerator, Electric Range
Architectural StyleCondo
Assoc Fee Paid PerMonthly
Association Fee IncludesPool, Taxes Common Area, Common Area Insurance, Common Area Maintenance
CityDaphne
Community FeaturesNone
CoolingElectric
CountyBaldwin
DirectionsFrom Corner of Van Buren and Main Street travel North on Main Street to Bay Forest Condo Complex on the Right. Building B is on the left. Upstairs unit
Elementary SchoolDaphne Elementary
Full Baths1
HOAYes
HOA Fee$250
HeatingElectric
High SchoolDaphne High
Home Warranty Y/NYes
MLS AreaBaldwin
Middle/Junior High SchoolDaphne Middle
Number Of Units Total8
Patio/Porch FeaturesCovered Patio
Pets AllowedYes
Pool FeaturesIn Ground
PossessionAt Closing
Property SubtypeResidential Attached
Property TypeResidential
RoofComposition Shingle
Standard StatusActive
StatusActive
Stories Count1
Subdivision NameBay Forest
Tax Annual Amount$0
Unit Number0
UtilitiesTotal Electric, Daphne Utilities, Riviera Utilities, Water Heater Electric
ViewNone/Not Applicable
Waterfront FeaturesNo Waterfront
Year Built1983

Exterior

Exterior AmenitiesStorage
Lot FeaturesSome Trees
Parking FeaturesCondo Assigned Parking

Additional Details

Price History

  

Similar Properties

$149,000

2 Beds 1 / 1 Full / Half Baths 873 SQFT 0.00 Acres
Type: Single Family

500 Grant Street B206
Daphne, AL 36526

MLS#: 395666
Lauren Hart
Lauren Hart
Brett/Robinson | Gulf Shores Orange Beach Real Estate
Realtor
Phone: 251.321.9266
Office: 251.236.8811