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For sale by owner
  • $1,599,000

    13656 County Road 93, Lillian, AL 36549

    37beds
    20,000sqft
    : 
    MultiFamily
    Built in 1935
    -- sqft lot
    $-- Zestimate®
    $80/sqft
    $-- HOA

    Overview

    Turnkey Investment Portfolio – $136k Net Annual Income Incredible cash-flowing portfolio in fast-growing Baldwin County! This 14-unit package includes 2 single-family homes, 3 duplexes, and 6 double-wide mobile homes, all fully rented with stable tenants and no major deferred maintenance. Current net operating income is $135,891/year, offering an attractive return at an 8.5%+ cap rate. Located in Lillian, AL, just minutes from the Florida line and the beaches of Perdido Key and Pensacola, this property is ideal for investors seeking stable returns and low competition. Management can be easily outsourced, or self-manage to realize a 9.5% cap rate. There's open space available to add additional income producing units. Additional upside potential on the existing units still exists as well. These are always quick to rent and demand is high. Full rent roll, expense breakdown, and leases available upon request. Priced to sell — don’t miss this opportunity to acquire a high-yield, diversified rental portfolio in a growing Gulf Coast market.
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    Listed by:

    (915) 238-9084

    This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 37
    • Bathrooms: 27
    • Full bathrooms: 27
    Heating
    • Forced air, Electric
    Cooling
    • Other
    Appliances
    • Included: Dryer, Washer
    • Laundry: In Unit
    Features
    • Flooring: Hardwood
    Interior area
    • Total interior livable area: 20,000 sqft

    Property

    Parking
    • Parking features: Garage - Detached, Off-street
    Features
    • Exterior features: Vinyl
    Lot
    • Size: 5 Acres
    Details
    • Parcel number: 5205220000011001

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Wood
    • Foundation: Piers
    • Roof: Composition
    Condition
    • New construction: No
    • Year built: 1935

    Community & HOA

    Location
    • Region: Lillian

    Financial & listing details

    • Price per square foot: $80/sqft
    • Tax assessed value: $168,100
    • Annual tax amount: $941
    • Date on market: 7/14/2025
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