15777 E Renee Marie Dr, Gulf Shores, Alabama, United States

Report Listing

Home For Sale

$425,000

15777 E Renee Marie Dr
Gulf Shores, Alabama, United States

6bd 3ba

Listed By: Realtyww Info

Listed On: 07/26/2025

Listing ID: GL11857064 View More Details

Description

CALLING ALL INVESTORS LOOKING FOR A DEAL!!! Don't miss out on this opportunity to invest in 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 and Deli, and Plane Sudz Laundromat on Ft Morgan Rd! Mo's Landing Park and 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 $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. This home is on septic. 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 also rents for $900 per month and is on a septic tank. 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 and 1 bathroom. All 3 houses have access to city water, central heating and air, and 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 and rent very easily. There is plenty of parking space on the lot as well enough to store either RV or boats. The lot is approximately 0.74 acres with majestic Live Oaks. 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 and must have permission. Buyer t

For more details:

Listed by: Gloria Crump