$3,000,000

0 Shelene Way, Foley AL, 36535

Price per sqft$396.51

Built in2008

Property size7,566 sqft

Property typeCommercial

Overview

Active

Listed Jan 28, 2026

Updated Aug 3

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.

Courtesy of Realty Executives Gulf Coast, Erick Haffner

Listing Contact: PHONE: 251-942-5744

The data relating to real estate for sale on this web site comes in part from the Baldwin County Association of REALTORS. Real estate listings held by brokerage firms other than Rip Haney are marked with the IDX logo and detailed information about them includes the name of the listing brokers.

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Rip Haney shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

The data on this page was last updated on 8/3/2026.