About 512 Lake Forest Boulevard F223
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.
Features of 512 Lake Forest Boulevard F223
| MLS® # | 395674 |
|---|---|
| Price | $125,000 |
| Bedrooms | 2 |
| Bathrooms | 2.00 |
| Full Baths | 1 |
| Half Baths | 1 |
| Square Footage | 873 |
| Year Built | 1983 |
| Type | Residential |
| Sub-Type | Condo |
| Status | Active |
Community Information
| Address | 512 Lake Forest Boulevard F223 |
|---|---|
| Area | Baldwin |
| Subdivision | Bay Forest |
| City | Daphne |
| County | Baldwin |
| State | AL |
| Zip Code | 36526 |
Amenities
| Utilities | Total Electric, Daphne Utilities, Riviera Utilities, Water Heater Electric |
|---|---|
| Parking | Condo Assigned Parking |
| View | None/Not Applicable |
| Is Waterfront | No |
| Waterfront | No Waterfront |
| Has Pool | Yes |
| Pool | In Ground |
| Boat Facilities | None |
| Has Pool | Yes |
| Pool | In Ground |
Interior
| Appliances | Dryer, Washer, Dishwasher, Refrigerator, Electric Range |
|---|---|
| Heating | Electric |
| Cooling | Electric |
| Fireplace | No |
| Fireplaces | No Fireplace |
| # of Stories | 1 |
| Has Basement | No |
Exterior
| Exterior Features | Storage |
|---|---|
| Lot Description | Some Trees |
| Roof | Composition Shingle |
School Information
| Elementary | Daphne Elementary |
|---|---|
| Middle | Daphne Middle |
| High | Daphne High |
Additional Information
| Date Listed | April 24th, 2026 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 430 |
| HOA Fees Freq. | Monthly |
Listing Details
| Office | Roberts Brothers Inc. - Gulf Coast |
|---|---|
| Contact Info | PHONE: 251-600-5111 |