For Sale
$349,000

257 Treadstone WayFairhope, AL 36532

Two-unit apartment building, high rental income.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a charming duplex located at 257 Treadstone Way, Fairhope, Alabama, 36532. Situated on a 0.46-acre lot, this single-story building boasts a total of 2,144 square feet of net rentable space, divided into two 2-bedroom, 1-bathroom units. Currently, each unit commands a monthly rent of $800 under short-term, month-to-month leases, generating substantial rental income. The property is conveniently positioned at the entrance to the Cottages at Parkstone and directly across from a Publix supermarket on Parker Road, ensuring high visibility and tenant appeal. The property is zoned B-2, falling under the Eastpark PUD and Fairhope zoning designations, offering flexibility for future development or continued operation as a rental property. The asking price is $349,000, translating to a price per square foot of $162.78. This represents a compelling investment opportunity in a desirable Fairhope location with strong rental potential. The property's prime location and existing rental income stream make it an attractive addition to any investment portfolio. Baldwin County location provides access to local amenities and attractions.

Highlights

  • Charming Fairhope duplex on a 0.46-acre lot.
  • 2,144 square feet of net rentable space, divided into two 2-bedroom, 1-bathroom units.
  • Currently generating $1,600 monthly rental income from month-to-month leases.
  • High-visibility location at the entrance to Cottages at Parkstone, across from a Publix.
  • B-2 zoning (Eastpark PUD & Fairhope designations) allows for flexibility.
  • $349,000 asking price, $162.78 per square foot.

Property Details for 257 Treadstone Way

Property type
Apartment buildings
Square Feet
2,144 SF
Buildings
1
Stories
1
Lot Size (sq. ft)
20,038 SF
Units
2

Location Insight

City
Fairhope
County
Baldwin
State
Alabama
Latitude
30.558312
Longitude
-87.892184
257 Treadstone Way, Fairhope, Alabama

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257 Treadstone Way
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