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Listed by Lauren Whigham • Roberts Brothers Inc. Gulf Coa

$419,000

Est. payment - /mo

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6 Beds

3 Baths

2,574 SqFt

Active

15777 Renee Marie AVE Gulf Shores, AL 36542

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Epique Realty

admin@epiquerealty.com +1(512) 387-0722

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,574 sqft

Price per Sqft $162

MLS Listing ID 7600413

Bedrooms 6

Full Baths 3

Year Built 2004

Annual Tax Amount $2,601

Tax Year 2601

Lot Size 0.745 Acres

Property Sub-Type Single Family Residence

Property Description

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.

Location

State AL

County Baldwin - Al

Direction Drive West down Fort Morgan, turn right on Meeker Ln. then left on Renee Marie Ave.

Rooms

Basement None

Dining Room Open Floorplan

Kitchen Other

Interior

Interior Features Other

Heating Central

Cooling Central Air, Ceiling Fan(s)

Flooring Carpet, Laminate, Other

Fireplaces Type None

Appliance Dishwasher, Electric Range, Refrigerator

Laundry Other

Exterior

Exterior Feature Private Entrance

Fence None

Pool None

Community Features None

Utilities Available Other, Sewer Available, Water Available, Electricity Available

Waterfront Description None

View Y/N true

View Other

Roof Type Composition

Total Parking Spaces 2

Building

Lot Description Other

Foundation Combination, Pillar/Post/Pier, Raised

Sewer Public Sewer, Septic Tank

Water Public

Architectural Style Patio Home

Level or Stories One and One Half

Schools

Elementary Schools Gulf Shores

Middle Schools Gulf Shores

High Schools Gulf Shores

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Epique Realty

Company | License ID: DRE01797917

+1(512) 387-0722

15777 Renee Marie AVE Gulf Shores, AL 36542

Epique Realty

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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15777 Renee Marie AVE