Southern Heritage Realty Group
Multi-Family

22716 Al Hwy 59

7 Beds
5 Baths
2,313 sq ft

About this property

Income Producing investment opportunity on Highway 59 in the heart of Robertsdale (ALDOT 2025 Traffic Reports 12,313). This property offers excellent visibility along one of Baldwin County’s primary north-south corridors. Currently operated as an occupied multi-family/affordable housing property with reported gross scheduled rents of $31,680 annually and estimated NOI of $18,964, providing an approximate 9.99% cap rate at the $189,900 asking price. Continue operating as an income-producing property or explore potential future commercial use/redevelopment, subject to zoning and governmental approvals. Excellent opportunity for an investor seeking current cash flow with longer term commercial potential. Buyer to verify all information during due diligence.

Property details

Property type
Multi-Family
Status
Active
Year built
1945
Living area
2,313 sq ft
Price per sq ft
$82 / sq ft
Subdivision
None
County
Baldwin County
ZIP
36567
MLS #
412912

Location

MLS# 412912

Similar properties

1304 Sowell Rd #A & B

$109,000

$81 / sq ft

4 Beds

2 Baths

1,344 square feet

Listing courtesy of Next Chapter Home & Realty, Karla Trizzino-Smith

Listing data is provided by the Baldwin County Association of REALTORS® Multiple Listing Service.

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information is deemed reliable but is not guaranteed accurate by the MLS.