Commercial > Multi-family / Apartments
Active
09/13/2024
List Price
$679,000$181/ft²
531 Laurel Ave
Foley, AL 36535
- 6Beds
- 6Baths
- 3,743ft²Living Area
- 0.6acLot Size
- -Pool
- -Car
- 1925Year Built
- 463DOM
- -Permit
531 Laurel Ave, Foley, AL 36535 is a 6 bed, 6 bath, 3,743 ft² multi-family/apartments property built in 1925 on a 0.590 acre lot. This multi-family/apartments is currently listed for $679,000, and it was last sold in 2018.
MLS Description
The listing agent's description. Original Listing
This charming six-plex, built in 1925, is a historical gem located just steps from Foley Downtown. With only four owners in nearly a century, this property sits on a little over half an acre. Currently operated as a 55+ community, it's consistently 100% occupied. Walking distance to Foley Elementary and Middle Schools, and downtown with all you need doctor's offices, vet clinic, restaurants, shops - you name it. South Baldwin Regional Medical Center, Police Department, Municipal Court, DMV, Riviera Utilities and more are located within 2 miles radius. The two-story building houses six units, each offering 1 bedroom and 1 bathroom and its own kitchen. Five units are on the main floor, while one occupies the upstairs level. All units come equipped with individual mini-split A/C systems. Coin laundry is available for common use. There's also a full basement, not in use by tenants, offering extra potential. Ample on-site parking is available for tenant convenience. Utilities are included in the tenant's monthly payments. The property underwent a renovation in 2018, with updated electrical, plumbing, sprinkler, and smoke detector systems, ensuring modern functionality in a historic setting. Buyer to verify all information during due diligence.
Listing Agents
The listing agent for 531 Laurel Ave is Alla Nikitina.
AN
Alla Nikitina
Ryals Realty Services, Inc
License: 108869
Phone: (251) 747-0097
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2024$2,953.50From latest Total Assessed Value3.3%Total Assessed Value$89,500=Land+
Assessed Value$14,960Additions
Assessed Value$74,540
In 2024, taxes billed for 531 Laurel Ave were $2,953.5, which is 3.30% from latest Total Assessed Value of $89,500.
Property History
531 Laurel Ave has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 531 Laurel Ave
Hazard Risks
Hurricane405Weather264Tornado136Wind105Nat'l Avg100Particulates95Carb Mono86Air Pollution84Ozone79Hail66Lead38Earthquake23
12 hazards (Carbon Monoxide, Earthquake Risk, Hail Index, Tornado Index, Hurricane Index, Air Pollution Index, Ozone Index, Wind Index, Weather Risk, Lead Index, Particulate Matter, National Average) are above the national average around 531 Laurel Ave.
Walkability Index
10 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
531 Laurel Ave has a walkability score of 10 out of 20, which means that it is in a somewhat walkable area.
Temperature
Seasonal temperature sampled over multiple years
Winter
Average
Low
43°F
High
63°F
Summer
Average
Low
72°F
High
90°F
In the winter at 531 Laurel Ave, temperatures range from 43.2°F to 62.72°F with an average of 52.96°F. In the summer, the temperature ranges from 72.45°F to 89.57°F with and average of 81.01°F.
School Information
Public/private schools serving 531 Laurel Ave
Public Schools
Foley High School
Grades: 9-12
1.71 mi
D-
Foley Middle School
Grades: 7-8
0.35 mi
D+
Foley Elementary School
Grades: PK-6
0.30 mi
C-
Florence B Mathis Elementary School
Grades: PK-6
1.41 mi
C-
* The school rating is based entirely on the test score performance of each school. It is based on a scale of A-F, A being best.
Nearby public schools serving 531 Laurel Ave have ratings undefined, undefined, undefined, and undefined.
Neighborhood
This property is located in 36535.
Seasonal Housing units 36535
29%of housing is for seasonal rent.
Daytime Population for 36535
-6%of people during work hours.
Crime Index for 36535
113
113
The crime index in 36535 is 113, which is 1.1 times higher than national average.
Market Trends
Historical market data near 531 Laurel Ave over selected time period.
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