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512 Lake Forest Boulevard, Unit F223, Daphne, AL 36526

$125,000
  • 512 Lake Forest Boulevard, Unit F223, Daphne, AL 36526 Main Photo

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Active
BEDS2 BATHS1 full 1 half SQUARE FEET873 MLS#395674
STATUSActive PROPERTY TYPEResidential - Townhouse SUBDIVISIONBay Forest

Property Description

INVESTOR OPPORTUNITY! Seven units are available for purchase together or separately, offering flexibility for investors looking to add to their portfolio or acquire a cash-flowing package. The seller would prefer a portfolio sale but will consider individual offers. The four occupied units are offered together for $572,000, with $63,700 in gross annual income, $41,392 NOI, and a 7.24% pro forma cap rate. These figures are based on historical performance and are provided for informational purposes only; future income, expenses, and returns are not guaranteed and may change. For reference, the individual MLS numbers for the four occupied units are: 395674, 395671, 395670, 395666. Seller will pay off the temporary HOA special assessment at closing. The remaining three units are vacant and move-in ready, with a $5,000 seller concession available toward closing costs or a 2-1 rate buydown. For reference, the individual MLS numbers for the three vacant units are: 395673, 395672, 395668. The seller is ready to make a deal! Call today for details, financials, or package options. Buyer to verify all information during due diligence.

512 Lake Forest Boulevard, Unit F223 | MLS# 395674

This townhouse located at 512 Lake Forest Boulevard, Unit F223, Daphne, AL 36526 is currently listed for sale with an asking price of $125,000. This property was built in 1983 and has 2 bedrooms and 1 full and 1 partial baths with 873 sq. ft. Lake Forest Boulevard, Unit F223 is located in the Bay Forest subdivision. Search Bay Forest real estate on randybranch.gobellator.com today.

Property Features

Property Type: Residential - Townhouse
Cooling: Electric
Heating: Electric
Home Style: Condo
Property Type: Residential Attached
Stories: 1.0
Taxes: $1,205
Year Built: 1983

Amenities

Storage

Feature Descriptions

Appliances: Dryer, Washer, Dishwasher, Refrigerator, Electric Range
Association Fee Includes: Pool, Taxes Common Area, Common Area Insurance, Common Area Maintenance
Community Features: None
Days on Site: 140
Dining Room: LivingDiningKitchenCombo
Fireplace: No Fireplace
Flooring: Tile
HOA Fee: 430
HOA Y/N: Yes
Lot: Some Trees
Pets Allowed: Yes
Property Amenities: Storage Out, Covered Patio
Swimming Pool: Yes
Utilities: Total Electric, Daphne Utilities, Riviera Utilities, Water Heater Electric

Local Schools

High School: Daphne High
Middle School: Daphne Middle
Elementary School: Daphne Elementary

Listed By / Shown By

Listed By

Agency Name: Roberts Brothers Inc. - Gulf Coast
Agency Phone: 251-974-5625

Shown By

Agent Name: Randy Branch
Agent Phone: (251) 680-6096
Agency Title: Bellator Real Estate

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Estimated Payment

$ 736.43 per month $599.55 Principal & Interest $100.42 Property Tax $36.46 Homeowner's Insurance

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