251-543-1370

15777 Renee Marie Drive

MLS#: 398895
Address: 15777 Renee Marie Drive
City / Zip:Gulf Shores, AL 36542
Type: Residential

0.745

Acreage

6

Bedrooms

3

Baths

Overview

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 $1,200 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 $1,050 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.

Amenities

    Property Amenities

    • Interior Features

      • Refrigerator
      • Electric Range
      • Smoke Detector
    • Flooring

      • Wood
    • Heating

      • Electric
    • Sewer

      • City
      • Septic
    • Fireplace

      • 0
    • Roof

      • Composition Shingle
    • Exterior Features

      • City
      • Septic
      • Water City
      • Baldwin EMC
      • Sewage City
      • Grinder Pump
      • Sewage Septic
      • Gulf Shores Utilities
      • Cable
      • Wood
      • Vinyl
    • Parking

      • Three Or More Vehicles
    • Exterior Finish

      • Wood
      • Vinyl
    • Fencing

      • Partial
    • Porch / Balcony / Deck

      • Porch Open