15777 Renee Marie Drive $399,000

MLS#: 390410
Address: 15777 Renee Marie Drive
City / Zip: Gulf Shores, AL 36542
Type: Residential

0.745

Lot Size

6

Bedrooms

3

Bathrooms

Overview

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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.

This listing is provided courtesy of Roberts Brothers Inc. Gulf Coa

Map

Map may not be 100% accurate.

Amenities

    Property Amenities

    • Interior Features

      • Electric Range
      • Refrigerator
    • Utilities

      • Gulf Shores Utilities
      • Cable Connected
    • Flooring

      • Wood
    • Heating

      • utilitiesOwnerPays
    • Sewer

      • Grinder Pump
      • Public Sewer
      • Septic Tank
    • Fireplace

      • 0
    • Roof

      • Composition
    • Foundation

      • Slab
    • Exterior Features

      • Gulf Shores Utilities
      • Grinder Pump
      • Sewage-City
      • Sewage-Septic
      • Water-City
      • Baldwin EMC
      • Vinyl Siding
      • Wood Siding
      • Wood Frame
    • Parking

      • Three or More Vehicles
    • Exterior Finish

      • Vinyl Siding
      • Wood Siding
      • Wood Frame
    • Fencing

      • Partial
    • Porch / Balcony / Deck

      • Porch-Open

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Additional Information

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