NOT LISTED FOR SALE

405 W Laurel Ave Foley, AL 36535

-- Bed
-- Bath
10,434 Sq Ft
1973 Built

Sale Details

Date Sold: January 28, 2015

Last sale price $415,000 $40 Per Sq Ft

15 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Brick Front
  • Laundry Facilities

About This Home

As of January 2015

ATTENTION INVESTORS! This is a 12 unit apartment building on 1.12 acres offered at a 10% Cap Rate. All 12 units are currently occupied with rents at $525-$550 month with an annual income of $70,876. Expenses are approximately $22,418 a year which includes: Taxes, insurance, utilities, trash, landscaping, and maintenance. This gives you an ACTUAL Cap Rate of 10.2%. There is a separate laundry room that was closed by the current owners and still has all the utilities ready for your coin washers and dryers for additional income from laundry. All the units are 2BR/1BA and approximately 860 square feet. There is cleared land available on the property for additional unit development opportunities. All appliances convey with the property.

Last Agent to Sell the Property

David Monroe

Sperry CGA The Andrews Group License #99035 Listed on: 10/01/2014

Last Buyer's Agent

Dena Pittman

Coldwell Banker Reehl Prop Daphne License #54951

Coldwell Banker Reehl Prop Daphne

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,138

Year Built

  • Built in 1973

Home Design

  • Brick Front

Interior Spaces

  • 10,434 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Ceramic Tile

Lot Details

  • Lot Dimensions are 323x140x323x162

Community Details

  • Magnolia Springs Land Company Subdivision
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 5409294000004001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,138

Year Built

Built in 1973

Listing Details

  • Standard Status: Closed
  • Legal Description: 140 X 323.7 IRR PT OF LOT 7 & ALL OF LOTS 8-13 BLK 72 MAGNOLIA SPRINGS LAND CO SUB DESC AS: BEG AT THE SE COR OF LOT 1 3 RUN TH W 323.6 TH N 162 TH SE 323.7 TH S 140 TO PO B IN THE CITY OF FOLEY SEC 29-T7S-R4E (WD)
  • Property Type: Residential Income
  • MLS Status: Closed
  • Year Built: 1973
  • Levels Stories: Two
  • Special Features: None
  • Property Sub Type: MultiFamily

Property Details

  • Property: Residential Income

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Square Footage: 10434.00
  • Window Features: None

Exterior Features

  • Construction Materials: Brick Front
  • Pool Private: No

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Laundry Features: Common Area
  • Utilities: Electricity Available

Condo/Co-op/Association

  • Subdivision Complex: MAGNOLIA SPRINGS LAND COMPANY

Lot Info

  • Lot Dimensions: 323X140X323X162
  • Parcel Number: 5409294000004001
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Rental Info

  • Owner Pays: Taxes, Trash Collection, Water

Tax Info

  • Taxes: 2138.00

Multi Family

  • Number Of Units Total: 1
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/28/2015 01/28/15 Sold $415,000 -- $40 / Sq Ft
10/16/2014 10/16/14 Pending -- -- --
Source: Gulf Coast MLS (Mobile Area Association of REALTORS®)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,358 $132,060 $0 $132,060
2023 $4,548 $131,840 $0 $131,840
2022 $3,957 $119,920 $0 $0
2021 $2,967 $89,900 $0 $0
2020 $2,967 $89,900 $0 $0
2019 $2,796 $84,720 $0 $0
2018 $2,830 $85,760 $0 $0
2017 $2,716 $82,300 $0 $0
2016 $2,728 $82,680 $0 $0
2015 $2,420 $73,320 $0 $0
2014 $2,373 $71,920 $0 $0
2013 -- $64,780 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2015

    David Monroe

    Sperry CGA The Andrews Group

  • D

    Buyer's Agent in 2015

    Dena Pittman

    Coldwell Banker Reehl Prop Daphne

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Map

Source: Gulf Coast MLS (Mobile Area Association of REALTORS®)

MLS Number: 0508076

Gulf Coast MLS (Mobile Area Association of REALTORS®)
Alabama Baldwin County Foley 36535

405 W Laurel Ave, Foley, AL

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Gulf Coast MLS (Mobile Area Association of REALTORS®) IDX information is provided exclusively for 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 not guaranteed.

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