603 Cedar St, Foley, AL 36535
- $828,000
- 12
- BD
- 8
- BA
- 2,322
- SqFt
- Sold Price
- $828,000
- List Price
- $859,000
- Closing Date
- Feb 27, 2026
- MLS#
- 384958
- Status
- CLOSED
- Type
- Multifamily
- Year Built
- 2005
- Acres
- 0.35
- City
- Foley
- Subdivision
- City Of Foley
- Bedrooms
- 12
- Bathrooms
- 8
Property Description
Exceptional 4-unit multifamily investment in the heart of Foley! Located at 451 & 455 W Pedigo Ave and 601 & 603 S Cedar St, this fully renovated property offers reliable cash flow and long-term upside. Recent upgrades include a new fortified roof, new asphalt driveway, new appliances, tankless water heaters, flooring.Currently generating $5,859/month ($70,308 annually) with four units enrolled in the HUD program, providing guaranteed rental income. Tenants pay their own utilities, keeping operating costs low. Situated on a parcel with additional land, there may be room to build a third duplex (2 more units) and expand income potential even further. Buyer to verify all information during due diligence.
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Additional Information
- Style
- 1 Story
- High School
- Foley High
- Living Area
- 2,322
- Interior Features
- Storage, Ceiling Fans
- Heating
- Electric
- Exterior Features
- Storage
- Roof
- Dimensional
Mortgage Calculator
Listing courtesy of RE/MAX of Orange Beach. Selling Office: RE/MAX of Orange Beach.
© Baldwin County Association of Realtors, Inc. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocitysm Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on .