0 Shelene Way Foley, AL 36535
PRICED AT $3,000,000
Listing Details
- $3,000,000
- MLS# 390934
- Type Commercial - Business
- Status Active
- 7,566 Square Feet
- 3.000 acres Lot Size
- 2008 Year Built
Description
20 Townhome units in four buildings along with common area land positioned in a gated development. Located in Foley AL, the states fastest growing city in 2025, only 9 miles to Gulf Shores public beach and within a 5-10 minute drive to all Foley has to offer. Renter demand is very strong for this product and this rate of rent in Foley, AL. These units stay rented/occupied with 12 month leases; and provide a consistent strong income with low owner expense. Current rental rates provide a 8.3% CAP rate; per Owner information. This is a rare find in Foley, AL and should be considered by all serious investors! Buyer to verify all information...read more
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers 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 on this site was last updated 04/22/2026. The listing information on this page last changed on 04/22/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 04/22/2026 12:53:40 AM EST) or Pensacola MLS (last updated Wed 04/22/2026 12:13:09 AM EST) or Baldwin County MLS (last updated Wed 04/22/2026 12:51:11 AM EST) or Emerald Coast MLS (last updated Wed 04/22/2026 12:05:24 AM EST) or Navarre Area Board Of Realtors (last updated Tue 04/21/2026 11:48:00 PM EST) or Commercial Exchange (Levin Rinke) (last updated Tue 04/21/2026 7:20:15 PM EST). Real estate listings held by brokerage firms other than Levin Rinke Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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