Cash cow in a great location, this property has (1) brick house, (3) mobile homes, (4) Rv lots and (80) storage slips that generate 10k in gross monthly income, seller says the NOI is over 80,000 yearly. Seller will consider owner financing.
Closed
$1,050,000
12278 Grantham Rd, Foley, AL 36535
--beds
0baths
1,633sqft
Multi Family
Built in 1978
-- sqft lot
$625,800 Zestimate®
$643/sqft
$2,031 Estimated rent
Home value
$625,800
$513,000 - $738,000
$2,031/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: March 06, 2024 at 01:29pm
Listed by:
Ted Brokop PHONE:251-589-7815,
Coastal Leaders Realty Group
Bought with:
Ryley Corliss
Ashurst & Niemeyer LLC
Source: Baldwin Realtors,MLS#: 352235
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Kitchen
- Level: Main
Heating
- Electric
Appliances
- Included: Electric Range, Refrigerator
Features
- Flooring: Other
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,633
- Total interior livable area: 1,633 sqft
Property
Parking
- Parking features: See Remarks
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered
- Has view: Yes
- View description: Trees/Woods
- Waterfront features: No Waterfront
Lot
- Size: 5 Acres
Details
- Parcel number: 5507250000099.001
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- See Remarks
- Roof: Metal
Condition
- Resale
- New construction: No
- Year built: 1978
Utilities & green energy
- Utilities for property: Riviera Utilities
Community & neighborhood
Community
- Community features: BBQ Area
Location
- Region: Foley
- Subdivision: Not Applicable
Other
Other facts
- Listing terms: Contract,Lease Purchase
- Ownership: Whole/Full
Price history
| Date | Event | Price |
|---|---|---|
| 2/7/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 2/3/2024 | Listed for rent | $1,600$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/2/2024 | Sold | $1,050,000-4.1%$643/sqft |
Source:  Baldwin Realtors #352235 Report a problem | ||
| 9/26/2023 | Listed for sale | $1,095,000+212.9%$671/sqft |
Source: Baldwin Realtors #352235 Report a problem | ||
| 4/9/2016 | Listing removed | $350,000$214/sqft |
Source: RE/MAX Of Orange Beach #236110 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,353 +38.2% | $119,740 +38.2% |
| 2024 | $2,426 +5.7% | $86,640 +5.7% |
| 2023 | $2,296 | $82,000 +37.1% |
Find assessor info on the county website
Neighborhood: 36535
Nearby schools
GreatSchools rating
- 8/10Magnolia SchoolGrades: PK-6Distance: 1.3 mi
- 4/10Foley Middle SchoolGrades: 7-8Distance: 2.7 mi
- 7/10Foley High SchoolGrades: 9-12Distance: 3 mi
Schools provided by the listing agent
- Elementary: Foley Elementary
- Middle: Foley Middle
- High: Foley High
Source: Baldwin Realtors. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$625,800
2% more+ $12,516
With Zillow Showcase(estimated)
$638,316