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512 Lake Forest Boulevard , E118

Daphne, AL 36526
  • $125,000
  • STATUS: Active
  • ON SITE: 165 Days
  • MLS #: 395673
UPDATED: 171 min ago
$125,000
  • 2
    BEDS
  • N/A
    ACRES
  • 1
    BATHS
  • 1
    1/2 BATHS
  • 873
    SQFT
  • $143
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1983
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

INVESTOR OPPORTUNITY! Seven units are available for purchase together or separately, offering flexibility for investors looking to add to their portfolio or acquire a cash-flowing package. The seller would prefer a portfolio sale but will consider individual offers. The four occupied units are offered together for $572,000, with $63,700 in gross annual income, $41,392 NOI, and a 7.24% pro forma cap rate. These figures are based on historical performance and are provided for informational purposes only; future income, expenses, and returns are not guaranteed and may change. For reference, the individual MLS numbers for the four occupied units are: 395674, 395671, 395670, 395666. Seller will pay off the temporary HOA special assessment at closing. The remaining three units are vacant and move-in ready, with a $5,000 seller concession available toward closing costs or a 2-1 rate buydown. For reference, the individual MLS numbers for the three vacant units are: 395673, 395672, 395668. The seller is ready to make a deal! Call today for details, financials, or package options. Buyer to verify all information during due diligence.

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Listing information © 2026 Baldwin County Association of REALTORS® MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or The Kathy Justice Team - Levin Rinke Realty. Data last updated 2026-10-07T00:27:48.523.
www.perdidokeypropertysearch.com/homes/175777820
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512 Lake Forest Boulevard , E118 Daphne, AL 36526

  • Price: $125,000
  • Status: Active
  • On Site: 165 Days
  • Updated: 171 min ago
  • MLS #: 395673
2
Beds
1
Baths
1
½ Baths
N/A
Acres
873
SQFT
$143
$/SQFT
1983
Built
Neighborhood:
Bay Forest
County:
Baldwin
Area:
Daphne
Elementary School:
Daphne Elementary
Middle School:
Daphne Middle
High School:
Daphne High
Property Description
INVESTOR OPPORTUNITY! Seven units are available for purchase together or separately, offering flexibility for investors looking to add to their portfolio or acquire a cash-flowing package. The seller would prefer a portfolio sale but will consider individual offers. The four occupied units are offered together for $572,000, with $63,700 in gross annual income, $41,392 NOI, and a 7.24% pro forma cap rate. These figures are based on historical performance and are provided for informational purposes only; future income, expenses, and returns are not guaranteed and may change. For reference, the individual MLS numbers for the four occupied units are: 395674, 395671, 395670, 395666. Seller will pay off the temporary HOA special assessment at closing. The remaining three units are vacant and move-in ready, with a $5,000 seller concession available toward closing costs or a 2-1 rate buydown. For reference, the individual MLS numbers for the three vacant units are: 395673, 395672, 395668. The seller is ready to make a deal! Call today for details, financials, or package options. Buyer to verify all information during due diligence.
Exterior Features

Architectural Style Condo Balcony Size 8x10 Boat Facilities None Construction Foundation Slab Exterior Features Storage Exterior Finish Brick Parking Features Condo Assigned Parking Patio And Porch Features Covered Patio Pool Features In Ground Roof Composition Shingle Stories Total 2 Unit Floor 1 View None/Not Applicable View YN No

Interior Features

Appliances DryerWasherMicrowaveDishwasherRefrigeratorElectric Range Cooling Electric Cooling YN Yes Dining Area LivingDiningKitchenCombo Elevators Total 0 Energy Saving Features CeilingFans Fireplace Features No Fireplace Fireplace YN No Fireplaces Total 0 Flooring TileLuxury Vinyl Plank Furnished Unfurnished Heating Electric Heating Cooling CentralElectricCentralElectricCool Heating YN Yes Interior Stories One Number Of Fireplaces 0 Primary Bed Bath WalkInCloset

Property Features

Association Fee 430 Association Fee Frequency Monthly Association Fee Includes PoolTaxes Common AreaCommon Area InsuranceCommon Area Maintenance Association YN Yes Auction Online Bid YN No Community Amenities None Community Features None Construction Status Resale Current Financing FHAConventionalCash Green Verification YN No Home Warranty YN Yes Lot Features Some Trees Mineral Rights Unknown Ownership Type Condominium Pets Allowed Yes Power Production YN No Property Amenities StorageOutCoveredPatio Property Sub Type Residential Attached Property Tax 1205.20 Rental Type ShortTerm Rentals Allowed Yes Sale Rent ForSale Special Listing Conditions None Unit Type GroundFloor Utilities Total ElectricDaphne UtilitiesRiviera UtilitiesWater Heater Electric Water Property Type NoWaterfront Waterfront Features No Waterfront Zoning Types SingleFamily

Listing provided by Roberts Brothers Inc. - Gulf Coast: PHONE: 251-600-5111. Listing information © 2026 Baldwin County Association of REALTORS® MLS.


Listing information © 2026 Baldwin County Association of REALTORS® MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or The Kathy Justice Team - Levin Rinke Realty. Data last updated 2026-10-07T00:27:48.523.
 
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The Kathy Justice Team - Levin Rinke Realty
14112 Perdido Key Dr
Perdido Key FL, 32507