15777 E Renee Marie Drive

Description

CALLING ALL INVESTORS LOOKING FOR A DEAL! Sellers are open to OWNER FINANCING! Own not one, but THREE RENTAL HOUSES on a spacious 150 x 218 lot in Gulf Shores. Located directly behind Dollar General, Chevron, Fresh Market Seafood, Beach Bums Coffee & Deli, and Plane Sudz Laundromat on Ft Morgan Rd! Mo's Landing Park & Boat Launch on Little Lagoon and the public beach access on Mobile St are only a few minutes away! House "A" recently experienced a kitchen fire and has undergone a complete gutting in the kitchen. It is currently vacant. Prior to the tenant moving out, the combined monthly gross income for all three properties was $2,750, totaling an annual income of over $33,000 with the opportunity to easily earn more. The same renters have been leasing these homes for over 5 years at same amount. House "A," constructed in 2004, offers approximately 864 square feet of living space, 2 bedrooms and 1 bathroom, and spacious screen porch. HVAC age: 2019. Rents for $975. House "B" was relocated to the property in 1985 and offers around 868 square feet of living space with 1 bedroom and a loft being used as a second bedroom, along with 1 bathroom, this home rents for $900 per month and is on a septic tank. HVAC replaced two years ago. House "C" is currently rented for $950 per month and is on city sewer. This original 1985 house offers 768 square feet of living space, featuring 2 bedrooms & 1 bathroom. HVAC replaced two years ago. All 3 houses have access to city water, central heating and air, & separate utility meters. The utility sheds on the property are fully plumbed for washers and dryers, providing added convenience for tenants. Additionally, the houses have undergone renovations & rent very easily. Lot is approximately 0.74 acres with majestic Live Oaks & large common areas. Continue to rent all THREE houses or live in one while the rental income pays your expenses! Please do not access the property without an agent present & permission. Buyer to verify all info.