Land with Home for Sale in Foley, Alabama

This 10-acre parcel is a BUILDER or INCOME OPPORTUNITY recently rezoned RSF-1 (min lot size of 30,000)! The entire property has mature trees and a quaint "UNNAMED" Creek (a tributary to Bon Secour River) adding privacy, beauty and tranquility, rarely found w/acreage in this area. The attached proposed plat map locates the creek and wetlands, showing approx. 90% of the land being dry and mostly buildable. Public utilities (water, ele & sewer) are at the street. Preliminary approval of the 3 lot subdivision is in hand, pending modifications to the existing culvert and driveway estimated to be completed by March 10, 2026. This includes lots (1,2 & 3). Lot #3 MLS# 391150 has (2) Doublewides, ea w/4bdrms /2 bths, 2018 models, rented long-term w/combined $43,500 annual cashflow w/min operating expenses. *RENTS have not recently increased. Tenants in home #1 (situated N-to-S), have rented for 4 1/2 yrs and tenants in home #2 (situated E-to-W) have rented for 1 1/2 yrs. A 4" well (likely suitable for 8+ homes) currently provides drinking water to the two existing homes. However, the well is located on Lot #2, necessitating either a new water supply to lot #3 or a shared well agreement, either option can be address at the time of offer and/or during buyers due diligence. Lot #1, (MLS#391154), offered undeveloped -$195,000, lot #2 (MLS #391153),is offered-$199,900 w/4" well, ea are 2.95 acres. A shared driveway running adjacent to Keller Rd will service each lot. Buyers to participate in 1031 exchange at sellers expense. Most dwelling types allowed, including Tiny Homes and Mobiles. PLEASE DO NOT APPROACH THE HOMES OR WALK THE PROPERTY W/O LISTING AGENT PRESENT! TENANTS SHOULD NOT BE DISTURBED. Buyer/Selling agent to verify all information during due diligence. Agent owned. Buyer to verify all information during due diligence.