Bon Secour Apartments offers an opportunity to acquire an established 18-unit multifamily community within the City of Gulf Shores, positioned in an area experiencing continued residential growth and infrastructure investment. Located on Schoel Lane just off County Road 6, the property includes approximately 15,336 rentable square feet, with each two-bedroom, one-bath unit offering approximately 852 square feet and washer/dryer connections. The community provides an attractive acquisition basis compared to the cost of developing comparable new multifamily housing, creating potential for both current rental income and long-term value. Its location places residents near Gulf Shores City Schools, the Gulf Shores Sportsplex, County Road 6 boat launch, shopping, dining, employment centers, recreational facilities and the beaches of Gulf Shores. The surrounding area continues to evolve with nearby residential development, including Bright’s Creek, along with roadway, drainage, sidewalk and connectivity improvements. With established rental demand, maintained units and a location convenient to everyday necessities and Gulf Shores attractions, Bon Secour Apartments provides investors the opportunity to add an income-producing multifamily asset in one of Coastal Alabama’s growing communities. Buyer to verify all information during due diligence.
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 688438
Price : $2,499,000
Bedrooms : 18
Rooms : 36
Bathrooms : 18
Year Built : 1988
Bathrooms Total : 18
Building Area : 15,336 Sqft
Status : Active
Property SubType : Apartment
Features
Heating System : Central
Cooling System : Central Air, Ceiling Fan(s)
Patio : Porch
Appliances : Refrigerator
Electric : Circuit Breakers
Flooring : Tile
Interior Features : Ceiling Fan(s)
Lot Features : Interior Lot
Roof : Metal
Sewer : Public Sewer
Address Map
State : AL
County : Baldwin
City : Gulf Shores
Zipcode : 36542
Street : 0 Schoel Ln
Floor Number : 0
Longitude : W88° 17' 43.1''
Latitude : N30° 19' 2.1''
Directions : From Hwy 59 Travel West on Oak Road West Appr 1.5 mile-property on North Side THERE IS NO FOR SALE SIGN