500 Grant St Unit A 104 Daphne, AL 36526
Lake Forest NeighborhoodEstimated payment $1,190/month
Highlights
- In Ground Pool
- Tile Flooring
- Ceiling Fan
- W. J. Carroll Intermediate School Rated A-
- Outdoor Storage
- Heating Available
About This Home
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.
Listing Agent
Roberts Brothers Inc. - Gulf Coast Brokerage Phone: 251-600-5111 License #129590 Listed on: 04/24/2026
Co-Listing Agent
Roberts Brothers Inc. - Gulf Coast Brokerage Phone: 251-600-5111 License #156172-1
Property Details
Home Type
- Condominium
Year Built
- Built in 1983
HOA Fees
- $250 Monthly HOA Fees
Home Design
- Entry on the 1st floor
- Composition Roof
Interior Spaces
- 873 Sq Ft Home
- 1-Story Property
- Ceiling Fan
Kitchen
- Convection Oven
- Dishwasher
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
Laundry
- Dryer
- Washer
Outdoor Features
- In Ground Pool
- Outdoor Storage
Schools
- Daphne Elementary School
- Daphne Middle School
- Wjcarrollintermediate
- Daphne High School
Utilities
- Cooling Available
- Heating Available
Community Details
- Association fees include pool, trash, pest control, taxes common area, common area insurance, management, common area maintenance
- 8 Units
- Bay Forset Association, Phone Number (251) 259-0488
Listing and Financial Details
- Home warranty included in the sale of the property
- Assessor Parcel Number 43-03-06-0-003-001.000.904
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 04/24/2026 04/24/26 | For Sale | $149,000 | -- | $171 / Sq Ft |
Source: Baldwin REALTORS®
MLS Number: 395672
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Ask me questions while you tour the home.