Schoel Ln, Gulf Shores, AL 36542

$2,499,000
36
BD
18
BA
15,336
SqFt

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List Price
$2,499,000
Status
ACTIVE
Days on Market
40
MLS#
688422
Subtype
Residential Attached
Style
Contemporary
Construction Status
Resale
Year Built
1988
Bedrooms
36
Bathrooms
18
Full Baths
18
Living Area
15,336
Lot Size
46,609
Acres
1.07

Property Description

Bon Secour Apartments offers an opportunity to acquire an established 18-unit multifamily community within the City of Gulf Shores, positioned in an area experiencing continued residential growth and infrastructure investment. Located on Schoel Lane just off County Road 6, the property includes approximately 15,336 rentable square feet, with each two-bedroom, one-bath unit offering approximately 852 square feet and washer/dryer connections. The community provides an attractive acquisition basis compared to the cost of developing comparable new multifamily housing, creating potential for both current rental income and long-term value. Its location places residents near Gulf Shores City Schools, the Gulf Shores Sportsplex, County Road 6 boat launch, shopping, dining, employment centers, recreational facilities and the beaches of Gulf Shores. The surrounding area continues to evolve with nearby residential development, including Bright's Creek, along with roadway, drainage, sidewalk and connectivity improvements. With established rental demand, maintained units and a location convenient to everyday necessities and Gulf Shores attractions, Bon Secour Apartments provides investors the opportunity to add an income-producing multifamily asset in one of Coastal Alabama's growing communities.

Additional Information

HOA Freqency
Annually
Property Description
Contemporary
Flooring
Tile
Appliances
Electric Water Heater
Heating
Central
Air Conditioning
Central Air, Ceiling Fan(s)
Exterior Construction
Concrete
Stories
1
Levels
One
Roof
Metal
Foundation
Slab
Pool Type
None
Parking
Driveway
Elementary School
Local School In County
Middle School
LOCAL SCHOOL IN COUNTY
High School
Local School In County

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Listing courtesy of POINTE SOUTH.

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