About Shelene Way
20 Townhome units in four buildings along with common area land positioned in a gated development. Located in Foley AL, the states fastest growing city in 2025, only 9 miles to Gulf Shores public beach and within a 5-10 minute drive to all Foley has to offer. Renter demand is very strong for this product and this rate of rent in Foley, AL. These units stay rented/occupied with 12 month leases; and provide a consistent strong income with low owner expense. Current rental rates provide a 8.3% CAP rate; per Owner information. This is a rare find in Foley, AL and should be considered by all serious investors! Buyer to verify all information during due diligence.
Features of Shelene Way
| MLS® # | 390934 |
|---|---|
| Price | $3,000,000 |
| Acres | 3.00 |
| Year Built | 2008 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | Shelene Way |
|---|---|
| Area | Baldwin |
| Subdivision | None |
| City | Foley |
| County | Baldwin |
| State | AL |
| Zip Code | 36535 |
Amenities
| Utilities | Cable TV, Water City, Sewage City, Total Electric |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
| Has Pool | No |
Interior
| Heating | Heat Pump, Electric |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
| Has Basement | No |
Exterior
| Lot Description | Level, Elevation High |
|---|---|
| Roof | Composition Shingle |
Additional Information
| Date Listed | January 28th, 2026 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Realty Executives Gulf Coast |
|---|---|
| Contact Info | PHONE: 251-942-5744 |