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 nets $41,100 annually, demonstrating immediate income potential! buyer to verify all information during due diligence.
Property Type
ResidentialCounty
BaldwinStyle
Patio HomeAD ID
50205779
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BuyOwner last updated this listing 06/21/2025 @ 00:21
- MLS: 7600413
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: GCMLS2
is a Home, with 6 bedrooms which is for sale, it has 2,574 sqft, 32,452 sized lot, and 0 parking. are nearby neighborhoods.