500 Grant St C212

Daphne, AL 36526

SEVEN-UNIT CONDO INVESTMENT OPPORTUNITY IN DAPHNE, AL! Expand your real estate portfolio with seven Bay Forest condos available together for $832,000, with one unit included AT NO COAST as part of the full seven-unit package! This investment opportunity features four occupied units generating rental income and three vacant, move-in-ready units offering additional leasing potential. The four occupied condos are also offered together for $572,000, with reported gross annual income of $63,700, net operating income (NOI) of $41,392, and a 7.24% pro forma cap rate based on the four-unit offering. The seller prefers a portfolio sale but will consider individual offers. Seller will pay off the temporary HOA special assessment at closing. A $5,000 seller concession is available toward closing costs or a 2-1 rate buydown for the vacant units, subject to applicable terms and lender approval. Reference MLS #: Occupied units: MLS 395674, 395671, 395670, 395666. Vacant units: MLS 395673, 395672, 395668. Contact us for financials, rental information, and purchase options! Financial figures are based on historical performance and pro forma calculations; future income and returns are not guaranteed. Buyer to verify all information during due diligence Buyer to verify all information during due diligence.

Listing courtesy of Ann Lawrence of Roberts Brothers Inc. - Gulf Coast: anngarrett@robertsbrothers.com



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Data last updated at: 2026-11-10 05:35 PM UTC