7647 Parker RdFairhope, AL 36532

This exceptional investment opportunity presents a well-maintained duplex ideally situated at the entrance to the Cottages at Parkstone in Fairhope, Alabama. The property boasts a prime location directly across from a Publix supermarket on Parker Road, ensuring high visibility and convenient access for tenants. This one-story building comprises two identical units, each featuring two bedrooms and one bathroom. Currently, both units are occupied with month-to-month tenants, each paying $800 per month in rent, generating a substantial monthly income stream. The property sits on a sizable 0.46-acre lot, measuring 150 feet in depth and 131 feet in width, totaling 20,038 square feet. The building itself offers 2,144 square feet of living space, resulting in a price per square foot of $162.78. The property is zoned B-2, falling under the Eastpark PUD and Fairhope zoning designations, offering potential for future development or expansion. This duplex represents a rare opportunity to acquire a high-performing multifamily property in a desirable Fairhope location with strong rental demand and significant upside potential. The property's size and location make it an attractive investment for both seasoned and new investors seeking a stable and profitable venture in the thriving Fairhope real estate market. The address is 7647 Parker Rd, Fairhope, AL 36532. Asking price is $349,000.