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15777 Renee Marie Drive Gulf Shores, AL, United States 36542

Prime investment opportunity, triplex in Gulf Shores! This income-producing triplex in Gulf Shores presents an excellent investment opportunity, boasting a spacious lot with three distinct houses. Located conveniently behind dollar general and chevron on Fort Morgan Road, this property offers a solid rental income stream with significant potential for increased revenue. House A, (built in 2004, renovated 2024): This recently gutted and fully updated home provides approximately 864 square feet of living space, 2 bedrooms and 1 bathroom, and spacious screen porch. HVAC age: 2019. Rents for $1350 per month. This unit uses a septic tank. House B (relocated to the property in 1985) 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 $1,000 per month and is on city sewer. HVAC replaced three years ago. House C (built 1985) the original house on the property, this unit features 768 square feet. with 2 bedrooms and 1 bathroom. It currently rents for $1,075 per month and is on city sewer. All 3 houses have access to city water, central heating and air, & separate utility meters. Tenants do wish to stay but are on a month to month lease, offering flexibility to the new owner regarding lease terms and occupancy. With current leases, this triplex grosses $41,100 annually, demonstrating immediate income potential! Buyer to verify all information during due diligence.

Amenities

  • Bedrooms: 6
  • Full Bathrooms: 3
  • Partial Bathrooms: 0
  • Property Type: Residential
  • Year Built: 2004
  • Built in 2004
  • Home size: 2,574 ft2 / 239.13 m2
  • MLS: 380938
  • Status: Active

Property brokered by

Roberts Brothers Inc.

(251) 661-4660

Presented by Lauren Whigham

  • (251) 974-5625 (Office Phone)

Contact Lauren Whigham

Contact Agent

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