Furnished Micro-Cottages Near Downtown
For Sale
Contact for pricing
614 Nichols Ave, Fairhope, AL 36532
Investment opportunity: fully furnished micro-cottages near downtown Fairhope.
Property Size1,440 SF
Price / SF$665.97
Days on Market193
Property Features for 614 Nichols Ave
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Hospitality
Zoning
B2
Building Details
Year Built
2016
Year Renovated
2024
Buildings
1
Stories
1
Listing Agency:
Wise Living Real Estate, LLC
(251) 422-3300
Listed By:
Henry Wise · License #AL
Source:
Crexi
Added: Jan 29
Changed: Aug 8
Last Checked: Aug 8 at 6:33AM
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 Wise Living Real Estate, LLC
Investment Insights
Based on property information with market context.
This is an investment opportunity to own several fully furnished micro cottages at Hope's Retreat on Nichols Avenue. The community is located within walking, biking, and golf-carting distance to downtown Fairhope. There are two units, each 720 square feet, with one bedroom and one bathroom, and each unit sleeps four. The micro-cottages can be rented separately or together, making this a location for group events or private getaways. Common amenities include an outdoor kitchen, wood-fired pizza oven, fire pits, bean bag toss court, lawn and board games, laundry facilities, an additional bathroom, and gated parking. The property has an active home warranty until December 3, 2025.
Key Highlights
- High rental income averaging $8,000 per month with an increasing trend.
- Fully furnished micro‑cottages**: Two pristine 720 sq. ft. units, each with 1 bedroom & 1 bath, sleeping 4.
- Prime location within walking, biking, or golf‑carting distance to downtown Fairhope.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
953
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36532, AL
36,918
Population
17,502
Households
2.1
Avg Household Size
48
Median Age
50%
College-Educated
94%
High-School Grad
73.2 sq mi
ZIP Area
504
Density / Sq Mi
$86,026
Median Household Income
$46,129
Median Earnings
$1,374
Median Rent
$395,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Church Street Inn B & B — 7 S Church St, Fairhope, AL 36532
- The Retreat on Nichols — 614 Nichols Ave, Fairhope, AL 36532
- Golden Girls Mansion — 218 Spring Lake Dr, Fairhope, AL 36532
- Recidential — 19203 young st, fairhope, al 36532
- Fairhope Suite 16 — 16 N Church St, Fairhope, AL 36532
Frequently Asked Questions
What type of property is this?
Bed & breakfast - Investment opportunity: fully furnished micro-cottages near downtown Fairhope.
Where is this bed & breakfast located?
The property is located at 614 Nichols Ave Fairhope, AL.
What is the asking price?
The asking price for this property is $959,000.
What are key features of this property?
This property features: High rental income averaging $8,000 per month with an increasing trend.; Fully furnished micro‑cottages**: Two pristine 720 sq. ft. units, each with 1 bedroom & 1 bath, sleeping 4.; Prime location within walking, biking, or golf‑carting distance to downtown Fairhope.
