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Randall Graves

randall.graves@engelvoelkers.com +1(850) 516-6763

Listed by Susan Carleton • POINTE SOUTH

$ 2,499,000

Est. payment -/mo

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0 Schoel Ln Gulf Shores, AL 36542

36 Beds

18 Baths

15,336 SqFt

UPDATED:

Key Details

Property Type Other Types

Sub Type Residential Attached

Listing Status Active

Purchase Type For Sale

Square Footage 15,336 sqft

Price per Sqft $162

MLS Listing ID 688422

Style Contemporary

Bedrooms 36

Full Baths 18

HOA Y/N No

Year Built 1988

Lot Size 1.070 Acres

Acres 1.07

Property Sub-Type Residential Attached

Source Pensacola MLS

Property Description

Bon Secour Apartments offers an opportunity to acquire an established 18-unit multifamily community within the City of Gulf Shores, positioned in an area experiencing continued residential growth and infrastructure investment. Located on Schoel Lane just off County Road 6, the property includes approximately 15,336 rentable square feet, with each two-bedroom, one-bath unit offering approximately 852 square feet and washer/dryer connections. The community provides an attractive acquisition basis compared to the cost of developing comparable new multifamily housing, creating potential for both current rental income and long-term value. Its location places residents near Gulf Shores City Schools, the Gulf Shores Sportsplex, County Road 6 boat launch, shopping, dining, employment centers, recreational facilities and the beaches of Gulf Shores. The surrounding area continues to evolve with nearby residential development, including Bright's Creek, along with roadway, drainage, sidewalk and connectivity improvements. With established rental demand, maintained units and a location convenient to everyday necessities and Gulf Shores attractions, Bon Secour Apartments provides investors the opportunity to add an income-producing multifamily asset in one of Coastal Alabama's growing communities.

Location

State AL

County Baldwin

Zoning Res Multi

Rooms

Dining Room Living/Dining Combo

Kitchen Not Updated

Interior

Heating Central

Cooling Central Air, Ceiling Fan(s)

Flooring Tile

Appliance Electric Water Heater

Exterior

Parking Features Driveway

Pool None

View Y/N No

Roof Type Metal

Garage No

Building

Faces From Hwy 59 Travel West on Oak Road West Appr 1.5 mile-property on North Side

Story 1

Structure Type Concrete

New Construction No

Others

Tax ID 6109370000179.002

Virtual Tour https://portal.riptidemedia.net/videos/01a04dd6-e796-705d-8839-9b3e1661e299

Randall Graves

Advisor License ID: SL3082115

+1(850) 516-6763

Randall Graves

0 Schoel Ln Gulf Shores, AL 36542

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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0 Schoel Ln