7647 Parker Rd Fairhope, AL 36532

Property Details for 7647 Parker Rd

Lot size

0.46 lot acres

Property size

2,144 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a well-maintained duplex ideally situated at the entrance to the Cottages at Parkstone in Fairhope, Alabama. The property boasts a prime location directly across from a Publix supermarket on Parker Road, ensuring high visibility and convenient access for tenants. This one-story building comprises two identical units, each featuring two bedrooms and one bathroom. Currently, both units are occupied with month-to-month tenants, each paying $800 per month in rent, generating a substantial monthly income stream. The property sits on a sizable 0.46-acre lot, measuring 150 feet in depth and 131 feet in width, totaling 20,038 square feet. The building itself offers 2,144 square feet of living space, resulting in a price per square foot of $162.78. The property is zoned B-2, falling under the Eastpark PUD and Fairhope zoning designations, offering potential for future development or expansion. This duplex represents a rare opportunity to acquire a high-performing multifamily property in a desirable Fairhope location with strong rental demand and significant upside potential. The property's size and location make it an attractive investment for both seasoned and new investors seeking a stable and profitable venture in the thriving Fairhope real estate market. The address is 7647 Parker Rd, Fairhope, AL 36532. Asking price is $349,000.