332 N BAY ST $830,000

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    332 N BAY ST FOLEY, AL 36535

    • 2.53 Acres
    • Commercial
    MLS# 558652 | Active
    Days On Market: 69 2 Views
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    Property Details

    Bay Villas is located in Foley, Alabama and is comprised of a 2.53-acre site that has been improved with a one-story, 23-unit apartment complex. The complex has 6 apartment buildings and one office/laundry building. The average rent for the one bedroom is $408.82 and for the two bedrooms is $438.33. The improvements are comprised of +/- 11,592 square feet. The property has eleven two-bedroom units and twelve one-bedroom units. Ancillary site improvements include a paved asphalt parking lot, signage, and mailbox stand. The improvements were constructed in 1985 and are currently in average condition. USDA Rural Development may provide funding to make this purchase possible. Funding includes 100 percent RA a one percent loan for purchase and a $50,000 grant for purchase expenses. For 180 days, the listing is reserved for non-profit organizations and public agencies. For the first 60 days, the property is reserved for local non-profits and public agencies. After 60 days, it can be marketed to regional and national non-profit organizations and public agencies. (State and local agencies will have priority over regional and national) Rural Development Servicing Office USDA Bay Minette Area Office 207 Faulkner Dr. Ste 102 Bay Minette, AL 36507 Area Director (251) 937-3297 Ext 5

    Contact

    Cindy Morris

    Sales Associate

    RE/MAX Of Orange Beach

    Cell: 251-269-9327

    Neighborhood

    36535 (FOLEY) Demographics

    46Median Age
    305Population Density (per sq. mile)
    32%College Educated
    $41,666 Estimated Median Income
    8,240Estimated Total Home Owners
    3,451Estimated Total Renters
    70% / 30%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    27,899Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $195,250 Median Sales Price
    90 Homes Sold
    82 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $830,000 -99.9%
        8/6/2019 11:17:00 AM New in Database Source New Value: $830,000,000

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