BayForest Homes with HOA

BayForest Homes with HOA

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Newest BayForest Homes with HOA

500 Grant St Unit C212, Daphne
$832,000
2 Beds ⋅ 2 Baths ⋅ 413270 MLS
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 COST as part of the full seven-unit package! This investment opportunity features five occupied units generating rental income and three vacant, move-in-ready units offering additional leasing potential. All 8 units package gross numbers are as follow: In-Place Gross Income (5 Units): $62,340, In-Place Net Operating Income (NOI): $24,230, Pro Forma Gross Income (8 Units Stabilized): $124,320 (Assuming the 3 vacant units lease at the target portfolio average of $1,295/mo), Pro Forma NOI: $74,418 (Underwritten with 5% vacancy allowance and 10% PM fee), Pro Forma Cap Rate: 8.94%. SEE DOCUMENTS FOR FULL INVESTMENT NUMBERS. 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.

500 Grant St Unit C212, Daphne
512 Lake Forest Blvd Unit 124F, Daphne
$128,000
2 Beds ⋅ 2 Baths ⋅ 413143 MLS ⋅ Bay Forest BLDG.
Are you looking for a vacation rental, a second home, or a primary residence? If you answered yes, then look no further! Welcome to easy, low-maintenance living in this charming 2-bedroom, 1.5-bath ground-floor condo in the Lake Forest community. Conveniently located in the heart of Daphne, this condo offers quick access to I-10, making commuting, shopping, dining, and everyday errands simple and convenient. Inside, you'll find a comfortable and functional layout with a spacious primary bedroom featuring a walk-in closet and a private vanity area separate from the shower. The living and dining areas open to a covered patio, creating a relaxing space to unwind or enjoy your morning coffee. Residents of Bay Forest enjoy access to a community pool in addition to the peace of mind offered by a new roof. Whether you're looking for a primary residence, a downsizing opportunity, or investment property, this well-located condo offers both comfort and convenience. Buyer to verify all information during due diligence period. Buyer to verify all information during due diligence.

512 Lake Forest Blvd Unit 124F, Daphne
500 Grant St Unit B206, Daphne
$149,000
2 Beds ⋅ 2 Baths ⋅ 395666 MLS
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 COST 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. 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.

500 Grant St Unit B206, Daphne
512 Lake Forest Blvd Unit F223, Daphne
$125,000
2 Beds ⋅ 2 Baths ⋅ 395674 MLS ⋅ Bay Forest BLDG.
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 COST 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. 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.

512 Lake Forest Blvd Unit F223, Daphne
500 Grant St Unit A104, Daphne
$149,000
2 Beds ⋅ 2 Baths ⋅ 395672 MLS
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 COST 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. 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.

500 Grant St Unit A104, Daphne
500 Grant St Unit D213, Daphne
$149,000
2 Beds ⋅ 2 Baths ⋅ 395671 MLS
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 COST 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. 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.

500 Grant St Unit D213, Daphne
500 Grant St Unit B106, Daphne
$149,000
2 Beds ⋅ 2 Baths ⋅ 395668 MLS
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 COST 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. 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.

500 Grant St Unit B106, Daphne
500 Grant St Unit D114, Daphne
$149,000
2 Beds ⋅ 2 Baths ⋅ 395670 MLS
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 COST 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. 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.

500 Grant St Unit D114, Daphne
512 Lake Forest Blvd Unit E118, Daphne
$125,000
2 Beds ⋅ 2 Baths ⋅ 395673 MLS ⋅ Bay Forest BLDG.
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 COST 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. 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.

512 Lake Forest Blvd Unit E118, Daphne
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© Baldwin County Association of Realtors, Inc. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocitysm Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on .

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