Location
Agent Comments
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.
Amenities
- Cooktop
- Microwave
- Dishwasher
Interior Features
- Cool System: Window Unit(s)
- Heat System: Electric
- Fireplaces: 0
- Interior: Internet, Ceiling Fan(s)
Exterior Features
- Parking: On Street, Three Or More Vehicles, No Garage/Carport Parking
- Roof: Composition Shingle
- Utilities: Robertsdale Utilities
- Lot Features: Less Than 1 Acre
- Architectural Style: Four Or More
Additional Features
- County: Baldwin
- Property Type: Triplex
- Tax Number: 05-48-03-06-2-201-038.000
- Waterfront Features: No Waterfront
- Stories: 1
- Year Built: 1945