Foley Duplex Remodeled After
109 & 111 N Beech Street A & B Foley, AL 36535
109 & 111 N Beech Street A & B, Foley, AL, 36535
$349,900
For Sale
$349,900
Four-bedroom, four-bathroom duplex in Foley, remodeled after Hurricane Sally.
Property Size2,090 SF
Price / SF$167.42
Days on Market168
Property Features for 109 & 111 N Beech Street A & B
General Information
- Standard status
- Active
- Size
- 2,090 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1995
Listing Agency
eXp Realty, LLC Gulf Shores Br
(251) 752-7663
Listed by
Rick Carruth · License #77784
(251) 752-7663
Source
Exitrealty
Added: Jan 30 Checked: Jul 17 at 3:17 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty, LLC Gulf Shores Br
Investment Insights
Based on property information with market context.
This four-bedroom, four-bathroom duplex presents a value-add opportunity in a convenient Foley location. Each side of the duplex features two bedrooms and two bathrooms, encompassing 1,045 square feet per unit, for a total property size of 2,090 square feet. The exterior was remodeled following Hurricane Sally and includes new siding and a metal roof. Unit A received a new HVAC system in 2022. Each unit is equipped with washer and dryer hookups. Previous tenants paid $1,250 per month per unit, with tenants responsible for all utilities. Both units have been completely remodeled inside, featuring new LVP flooring, brand new appliances including a fridge, dishwasher, stove, and microwave, all new paint, window blinds, toilets, ceiling fans, light fixtures, fence, closet shelving, smoke detectors, and door hardware. The property is located minutes from downtown Foley, shopping, and dining, and approximately 10 miles from the Gulf Coast beaches. The property is being sold as-is.
Key Highlights
- Completely remodeled interiors in both units with new LVP flooring, appliances, paint, and fixtures.
- New siding and metal roof installed after Hurricane Sally.
- Duplex property offering a value‑add investment opportunity.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.8k | $13.80 |
| − Vacancy | −$1.5k | −$0.72 |
| EGI | $27.3k | $13.08 |
| − OpEx | −$8.2k | −$3.92 |
| NOI | $19.1k | $9.16 |
2,090 SF · lease $13.80/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$273.4K
$239.3K – $319.0K
NOI $19,140 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$243.4K
$213.0K – $283.9K
NOI $17,036 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$502.6K
$439.8K – $586.4K
NOI $35,182 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Four-bedroom, four-bathroom duplex in Foley, remodeled after Hurricane Sally.
Where is this duplex located?
The property is located at 109 & 111 N Beech Street A & B Foley, AL.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Completely remodeled interiors in both units with new LVP flooring, appliances, paint, and fixtures.; New siding and metal roof installed after Hurricane Sally.; Duplex property offering a value‑add investment opportunity.
