Skip To Content

    7506 Magnolia Springs Hwy

    Foley, AL 36535
    • $700,000
    • STATUS: Active
    • ON SITE: 141 days
    • MLS #: 308994
    Price Reduced
    UPDATED: 24 min ago
    $700,000
    • 6
      BEDS
    • N/A
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    • 1,538
      SQFT
    • $455
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1998
    County:
    Area:

    School Information

    Elementary School:
    High School:

    Description

    INCOME PRODUCING POTENTIAL!!! This property is 2 parcels being sold as one or 22 acres and 25 acres for 350,000/ parcel.There are 30 total trailer hool ups. Currently 12 are rented at 374 to 400/month. There are 10 rental units that convey and rent for 450 and up.The home is located at the rear of the property and both levels are currently rented. There are a total of 3 wells, 8 septic tanks and 1 grinder pumps on property with a total of 40 rental spaces.. There are 2 ponds, one on each parcel. Property may be sold separately or as a whole. There is an additional private road on the back 25 acres to access the property. Contact agent before entering property or scheduling showings.

    Monthly Payment Calculator



    Listing information © 2021 Baldwin County Association of REALTORS® MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Ashurst & Niemeyer Real Estate. Data last updated 2021-06-23T23:27:35.393.
    www.anhomesearcher.com/homes/113812920
    Print Image

    7506 Magnolia Springs Hwy Foley, AL 36535

    • Price: $700,000
    • Status: Active
    • Updated: 24 min ago
    • MLS #: 308994
    6
    Beds
    2
    Baths
    0
    ½ Baths
    N/A
    Acres
    1,538
    SQFT
    $455
    $/SQFT
    1998
    Built
    Neighborhood:
    Foley 2
    County:
    Baldwin
    Area:
    Foley 2
    Elementary School:
    Foley Elementary
    High School:
    Foley High
    Property Description
    INCOME PRODUCING POTENTIAL!!! This property is 2 parcels being sold as one or 22 acres and 25 acres for 350,000/ parcel.There are 30 total trailer hool ups. Currently 12 are rented at 374 to 400/month. There are 10 rental units that convey and rent for 450 and up.The home is located at the rear of the property and both levels are currently rented. There are a total of 3 wells, 8 septic tanks and 1 grinder pumps on property with a total of 40 rental spaces.. There are 2 ponds, one on each parcel. Property may be sold separately or as a whole. There is an additional private road on the back 25 acres to access the property. Contact agent before entering property or scheduling showings.
    Exterior Features

    Boat Facilities None Construction Foundation Slab Exterior Finish Wood Garage Parking On Street Lot Description 25-50 Acres Lot Size 47 Acres Roof Composition Shingle View None/Not Applicable

    Interior Features

    Appliances Convection OvenCooktopMicrowaveRefrigerator Bedroom2 Dimensions 9X13 Bedroom2 Level Main Level Bedroom3 Dimensions 9X9 Bedroom3 Level Main Level Bedroom4 Dimensions 7X17 Bedroom4 Level 2 Bedroom5 Dimensions 9X9 Bedroom5 Level 2 Elevators 0 Floors Wood Heat Cooling One Or More Window Units Kitchen Dimensions 10X9 Kitchen Level Main Level Lvg Dng Dimension 28X11 Lvg Dng Level 2 Master Bedroom Dimensions 9X17 Master Bedroom Level Main Level Property Interior Stories 2

    Property Features

    Association Fees 0 Community Amenities None Construction Status Resale Fairhope Single Tax No Incm Producing Potential Yes Property Amenities Porch-OpenPorch-Back Property Taxes 2900 Rental Program Yes Style Farmhouse Terms Of Sale CashConventionalOwner Financing Utilities Baldwin Emc Water Property Type No Waterfront

    Listing provided courtesy of Exit Realty Gulf Shores. Listing information © 2021 Baldwin County Association of REALTORS® MLS.


    Listing information © 2021 Baldwin County Association of REALTORS® MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Ashurst & Niemeyer Real Estate. Data last updated 2021-06-23T23:27:35.393.
     
    https://bt-photos.global.ssl.fastly.net/baldwin/1280_boomver_1_308994-2.jpg https://bt-photos.global.ssl.fastly.net/baldwin/1280_boomver_1_308994-2.jpg https://bt-photos.global.ssl.fastly.net/baldwin/1280_boomver_1_308994-2.jpg
    Logo
    Ashurst & Niemeyer Real Estate
    23800 US HWY 98
    Fairhope AL, 36532