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$859,000
12 Beds
8 Baths8 full baths
2,322sqft
603 Cedar Street, Foley, AL 36535
$859,000
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Duplex
Built in 2005
$-- HOA
15,289.56 sqft lot
$370/sq.ft
Description
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 in...
Continue Reading- Houzeo last checked: 27 Minutes ago
- Listing updated: November 25, 2025 at 4:03 pm
- Listing Provided by: Kimberly Kelly (251) 228-2115 | RE/MAX of Orange Beach (251) 981-2400
- Source: Baldwin County AOR MLS-AL | MLS#: 384958
Property Details
Status
Active
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
--
Year Built
2005
HOA Fees
-
Finished Area
2,322 sqft
Lot Size
15,289.56 sqft lot
Basement Area
- sqft
MLS Name
Baldwin County AOR MLS
MLS Number
384958
MLS Status
Active
Days on Market
85
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Houzeo Corp. holds real estate brokerage licenses in Alabama (License No. 000157023 - 0) and Texas (License No. 9013396)
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