Shelene Way, Foley, AL 36535
Other
AUD $4,311,447
USD $3,000,000
Published on: 05 Aug 2026
Last updated on: 05 Sep 2026
Property ID: 110119485260
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Commercial Sale, Foley, AL
Shelene Way, Foley, AL 36535
20 Townhome units in four buildings along with common area land positioned in a gated development. Located in Foley AL, the states fastest growing city in 2025, only 9 miles to Gulf Shores public beach and within a 5-10 minute drive to all Foley has to offer. Renter demand is very strong for this product and this rate of rent in Foley, AL. These units stay rented/occupied with 12 month leases; and provide a consistent strong income with low owner expense. Current rental rates provide a 8.3% CAP rate; per Owner information. This is a rare find in Foley, AL and should be considered by all serious investors! Buyer to verify all information during due diligence.
Property Details
Basic Info
Indoor Feature
Basic Info
Property Type
Other
Listing Status
Active
Land Size
12,140.58 m2
Year Built
2008
Num Floors
2
County
Baldwin
Parcel ID
304688
Provider
Baldwin REALTORS®
Brokerage Office Name
Realty Executives Gulf Coast
Brokerage Office Phone
(251) 968-4300
Neighbourhoods
Baldwin
Address
Shelene Way, Foley, AL 36535
Contact Agent
Erick Haffner
Realty Executives Gulf Coast
3479 B Gulf Shores Parkway , Gulf Shores, AL 36542
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Contact Agent
Contact Agent
Email enquiry to Realty Executives Gulf Coast
Erick Haffner
3479 B Gulf Shores Parkway , Gulf Shores, AL 36542
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Property ID: 110119485260
Original Property ID: 3yd-BCARAL-390934Data provided by Baldwin REALTORS®, MLS #: 390934
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