Residential

500 Grant Street D114, Daphne

$149,000

Bedroom 2 bedrooms
Full Bathroom 1 full baths
Half Baths 1 half baths

  • MLS #: 395670
  • Property Type: Residential
  • Address: 500 Grant Street D114, Daphne, AL 36526
  • County: Baldwin
  • Subdivision: Bay Forest
  • SQFT: 873
  • Year Built: 1983

Location Location

Agent Comments Agent Comments
INVESTOR OPPORTUNITY! Seven units are available for purchase together or separately, offering flexibility for investors looking to add to their portfolio or acquire a cash-flowing package. The seller would prefer a portfolio sale but will consider individual offers. The four occupied units are offered together for $572,000, with $63,700 in gross annual income, $41,392 NOI, and a 7.24% pro forma cap rate. These figures are based on historical performance and are provided for informational purposes only; future income, expenses, and returns are not guaranteed and may change. For reference, the individual MLS numbers for the four occupied units are: 395674, 395671, 395670, 395666. Seller will pay off the temporary HOA special assessment at closing. The remaining three units are vacant and move-in ready, with a $5,000 seller concession available toward closing costs or a 2-1 rate buydown. For reference, the individual MLS numbers for the three vacant units are: 395673, 395672, 395668. The seller is ready to make a deal! Call today for details, financials, or package options. Buyer to verify all information during due diligence.

Amenities Amenities
  • Refrigerator
  • Electric Range

Interior Features Interior Features
  • Cool System: Electric
  • Heat System: Electric
  • Floors: Tile, Luxury Vinyl Plank
  • Fireplaces: 0

Exterior Features Exterior Features
  • Parking: Condo Assigned Parking
  • Roof: Composition Shingle
  • Exterior: Storage
  • View: None/Not Applicable
  • Utilities: Total Electric, Daphne Utilities, Riviera Utilities, Water Heater Electric
  • Lot Features: Some Trees
  • Architectural Style: Condo

Additional Features Additional Features
  • County: Baldwin
  • Property Type: Residential Attached
  • Tax Number: 43-03-06-0-003-001.000.926
  • Waterfront Features: No Waterfront
  • Stories: 1
  • Year Built: 1983