257 Treadstone Way Fairhope, AL 36532
- Apartment buildings
- 2,144 SF
- 0.46 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 257 Treadstone Way
- Lot size
- 0.46 lot acres
- Property size
- 2,144 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a charming duplex located at 257 Treadstone Way, Fairhope, Alabama, 36532. Situated on a 0.46-acre lot, this single-story building boasts a total of 2,144 square feet of net rentable space, divided into two 2-bedroom, 1-bathroom units. Currently, each unit commands a monthly rent of $800 under short-term, month-to-month leases, generating substantial rental income. The property is conveniently positioned at the entrance to the Cottages at Parkstone and directly across from a Publix supermarket on Parker Road, ensuring high visibility and tenant appeal. The property is zoned B-2, falling under the Eastpark PUD and Fairhope zoning designations, offering flexibility for future development or continued operation as a rental property. The asking price is $349,000, translating to a price per square foot of $162.78. This represents a compelling investment opportunity in a desirable Fairhope location with strong rental potential. The property's prime location and existing rental income stream make it an attractive addition to any investment portfolio. Baldwin County location provides access to local amenities and attractions.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fairhope
- County
- Baldwin
- State
- Alabama
- Longitude
- -87.8922
- Latitude
- 30.5583
