Maria A Cazalas
Exit Realty Lyon & Associates, Inc., Fairhope
(754) 714-7306
154 Total Sales
18 in Foley
$84K - $345K Price Range
405 W Laurel Ave Foley, AL 36535
Foley Area
--
Beds
--
Baths
10,434
Sq Ft
1973
Built
Highlights
- Ceramic Tile Flooring
- Brick Front
- Laundry Facilities
About This Home
As of January 2015ATTENTION 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
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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
- The owner pays for taxes, trash collection, water
- Assessor Parcel Number 5409294000004001
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 1, 2014
Closed on
Jan 26, 2015
Sold by
Dowell Kelly and Dowell Nancy
Bought by
Seller's Agent
David Monroe
Sperry CGA The Andrews Group
Buyer's Agent
Dena Pittman
Coldwell Banker Reehl Prop Daphne
Sold Price
$415,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$578,000
Outstanding Balance
$431,650
Interest Rate
3.88%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Foley, AL
-
Maria A Cazalas
-
Jordan Collins
Jordan Collins
Skipper Realty, LLC
(251) 278-2866
52 Total Sales
3 in Foley
$220K - $360K Price Range
-
Jonathan R. Bennett
Jonathan R. Bennett
Beachball Properties
(251) 213-2927
97 Total Sales
10 in Foley
$45K - $850K Price Range
-
Sean Howard
Sean Howard
IXL Real Estate-Eastern Shore
(251) 220-8307
17 Total Sales
5 in Foley
$39K - $304K Price Range
-
Gordon Wescoat
Gordon Wescoat
IPEX Realty, LLC
(470) 944-7452
16 Total Sales
4 in Foley
$323K - $490K Price Range
-
Nicole Smith
Nicole Smith
RE/MAX of Gulf Shores
(251) 607-2578
96 Total Sales
20 in Foley
$206K - $1.3M Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $500 | Mbt |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $578,000 | ||
| Previous Owner | Dowell Kelly | $400,000 | |
| Previous Owner | Dowell Kelly | $124,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $4,663 | $141,300 | $0 | $141,300 |
| 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
-
DM
Seller's Agent in 2015
David Monroe
Sperry CGA The Andrews Group
-
DP
Buyer's Agent in 2015
Dena Pittman
Coldwell Banker Reehl Prop Daphne
Map
Source: Gulf Coast MLS (Mobile Area Association of REALTORS®)
MLS Number: 0508076
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.
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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