BayForest Homes with Condo/Townhouse Style

BayForest Homes with Condo/Townhouse Style

Welcome to BayForest, an enchanting subdivision nestled in the heart of Daphne, Alabama. This picturesque community, located in Baldwin County, offers a serene retreat while still being conveniently close to the vibrant attractions of the Gulf Coast. BayForest is renowned for its lush landscapes, tranquil surroundings, and a strong sense of community, making it an ideal place for families, retirees, and anyone seeking a peaceful lifestyle.

One of the standout features of BayForest is its charming collection of condo and townhouse-style homes. These residences are thoughtfully designed to blend comfort and style, providing modern amenities while maintaining a cozy atmosphere. With open floor plans, spacious living areas, and elegant finishes, each home is a perfect canvas for your personal touch. Many units boast private balconies or patios, allowing residents to enjoy the stunning natural beauty that surrounds them.

The BayForest community also offers a wealth of amenities, including walking trails, community pools, and recreational areas that foster an active and social lifestyle. Residents can take advantage of the nearby parks and waterways, perfect for outdoor enthusiasts who enjoy hiking, biking, or fishing.

Living in BayForest means embracing a lifestyle that balances relaxation with adventure. With its close proximity to the beautiful beaches of the Gulf Coast and the charming downtown areas of Daphne, you’ll find an abundance of shopping, dining, and entertainment options just a stone's throw away. Discover the charm of BayForest, where your dream home awaits amidst the beauty of Alabama’s coastal paradise!

Newest BayForest Homes with Condo/Townhouse Style

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

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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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