About 603 Cedar Street
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 information during due diligence.
Features of 603 Cedar Street
| MLS® # | 384958 |
|---|---|
| Price | $859,000 |
| Bedrooms | 12 |
| Bathrooms | 8.00 |
| Full Baths | 8 |
| Square Footage | 2,322 |
| Acres | 0.35 |
| Year Built | 2005 |
| Type | Residential Income |
| Sub-Type | Duplex |
| Status | Active |
Community Information
| Address | 603 Cedar Street |
|---|---|
| Area | Foley 2 |
| Subdivision | City of Foley |
| City | Foley |
| County | Baldwin |
| State | AL |
| Zip Code | 36535 |
Amenities
| Amenities | None |
|---|---|
| Utilities | Riviera Utilities |
| Parking | None |
| View | None/Not Applicable |
| Is Waterfront | No |
| Waterfront | No Waterfront |
| Has Pool | No |
Interior
| Interior | Vinyl |
|---|---|
| Interior Features | Ceiling Fan(s), Storage |
| Appliances | Dishwasher, Microwave, Electric Range, Refrigerator, Tankless Water Heater |
| Heating | Electric |
| Cooling | Ceiling Fan(s) |
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
| Has Basement | No |
Exterior
| Exterior | Vinyl Siding |
|---|---|
| Exterior Features | Storage, Termite Contract |
| Windows | Window Treatments |
| Roof | Dimensional |
| Construction | Resale |
School Information
| Elementary | Foley Elementary |
|---|---|
| Middle | Foley Middle |
| High | Foley High |
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
Listing Details
| Office | RE/MAX of Orange Beach |
|---|---|
| Contact Info | PHONE: 251-228-2115 |