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Listed by Maura Mcgraw • Waters Edge Realty
$ 649,999
Est. payment /mo
New
28520 2nd ST Daphne, AL 36526
1,385 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Park City
MLS Listing ID 7759637
Year Built 1979
Annual Tax Amount $3,455
Tax Year 3455
Lot Size 1,385 Sqft
Property Sub-Type Quadruplex
Property Description
This 4-unit multifamily property in the Seacliff area of Daphne presents a rare opportunity for investors seeking both immediate cash flow and long-term upside. Each unit offers a spacious 2-bedroom, 2-bathroom layout of approximately 990 square feet, making it highly attractive to tenants in today's rental market.
The property has seen significant recent improvements, including a brand-new roof installed in 2025, along with various interior and exterior updates. With all units separately metered and no HOA restrictions, operating expenses remain efficient.
Current rents are below market, providing a clear path to increased income through stabilization and improved management. Estimated stabilized rents approach $5,500 per month, offering strong potential for value creation.
Located just minutes from local shopping, dining, and Mobile Bay, this property benefits from consistent rental demand in one of Baldwin County's most sought-after submarkets. Whether you're looking to expand your portfolio, execute a value-add strategy, or explore future redevelopment potential, this property delivers flexibility and opportunity. Buyer to verify all information during due diligence.
The property has seen significant recent improvements, including a brand-new roof installed in 2025, along with various interior and exterior updates. With all units separately metered and no HOA restrictions, operating expenses remain efficient.
Current rents are below market, providing a clear path to increased income through stabilization and improved management. Estimated stabilized rents approach $5,500 per month, offering strong potential for value creation.
Located just minutes from local shopping, dining, and Mobile Bay, this property benefits from consistent rental demand in one of Baldwin County's most sought-after submarkets. Whether you're looking to expand your portfolio, execute a value-add strategy, or explore future redevelopment potential, this property delivers flexibility and opportunity. Buyer to verify all information during due diligence.
Location
State AL
County Baldwin - Al
Direction Head E on hwy 98 and take a right onto Academy Dr. First right on 2nd St.
Interior
Heating Central
Cooling Central Air
Exterior
Fence None
Community Features None
Utilities Available Cable Available, Electricity Available, Water Available
Waterfront Description None
View Y/N true
View Trees/Woods
Roof Type Metal
Building
Lot Description Private
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
Elementary Schools Daphne
Middle Schools Daphne
High Schools Daphne