332 N Bay St

    Foley, AL 36535
    • $830,000
    • STATUS: Active
    • ON SITE: 45 days
    • MLS #: 558652
    UPDATED: 44 min ago
    $830,000
    • 0
      BEDS
    • 2.53
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    County:
    Area:

    School Ratings & Info

    Description

    Bay Villas is located in Foley, Alabama and is comprised of a 2.53-acre site that has been improved with a one-story, 23-unit apartment complex. The complex has 6 apartment buildings and one office/laundry building. The average rent for the one bedroom is $408.82 and for the two bedrooms is $438.33. The improvements are comprised of +/- 11,592 square feet. The property has eleven two-bedroom units and twelve one-bedroom units. Ancillary site improvements include a paved asphalt parking lot, signage, and mailbox stand. The improvements were constructed in 1985 and are currently in average condition. USDA Rural Development may provide funding to make this purchase possible. Funding includes 100 percent RA a one percent loan for purchase and a $50,000 grant for purchase expenses. For 180 days, the listing is reserved for non-profit organizations and public agencies. For the first 60 days, the property is reserved for local non-profits and public agencies. After 60 days, it can be marketed to regional and national non-profit organizations and public agencies. (State and local agencies will have priority over regional and national) Rural Development Servicing Office USDA Bay Minette Area Office 207 Faulkner Dr. Ste 102 Bay Minette, AL 36507 Area Director (251) 937-3297 Ext 5

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    © 2019 by the Multiple Listing Service of the Pensacola Association of REALTORS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. Data last updated: 2019-09-21T16:42:08.04.
    www.rqpensacolaperdidokey.com/homes/97629872

    332 N Bay St Foley, AL 36535

    • Price: $830,000
    • Status: Active
    • Updated: 44 min ago
    • MLS #: 558652
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.53
    Acres
    Neighborhood:
    Foley
    County:
    Baldwin
    Area:
    Foley
    Property Description
    Bay Villas is located in Foley, Alabama and is comprised of a 2.53-acre site that has been improved with a one-story, 23-unit apartment complex. The complex has 6 apartment buildings and one office/laundry building. The average rent for the one bedroom is $408.82 and for the two bedrooms is $438.33. The improvements are comprised of +/- 11,592 square feet. The property has eleven two-bedroom units and twelve one-bedroom units. Ancillary site improvements include a paved asphalt parking lot, signage, and mailbox stand. The improvements were constructed in 1985 and are currently in average condition. USDA Rural Development may provide funding to make this purchase possible. Funding includes 100 percent RA a one percent loan for purchase and a $50,000 grant for purchase expenses. For 180 days, the listing is reserved for non-profit organizations and public agencies. For the first 60 days, the property is reserved for local non-profits and public agencies. After 60 days, it can be marketed to regional and national non-profit organizations and public agencies. (State and local agencies will have priority over regional and national) Rural Development Servicing Office USDA Bay Minette Area Office 207 Faulkner Dr. Ste 102 Bay Minette, AL 36507 Area Director (251) 937-3297 Ext 5
    Exterior Features

    Lot Depth 350 Lot Dimensions 340X350 irr Lot Frontage 140

    Property Features

    Commercial Property Type Multi Residential Land Type Multi-Family Land Special Sale Type N/A Use Type Apartment Building Zoning R-3 1 And 2-Family DistMed Den

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    © 2019 by the Multiple Listing Service of the Pensacola Association of REALTORS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. Data last updated: 2019-09-21T16:42:08.04.
     
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