On-site parking for residentsWindow air-conditioning unitsAll electric
Attention Investors!!! An excellent investment opportunity in the heart of Midtown! This 9-unit apartment complex offers a mix of 1- and 2-bedroom units, each with 1 bathroom, and is currently 100% occupied, providing immediate income for a new owner. Monthly rents range from $600 to $800 per unit, offering strong and consistent cash flow potential. Each unit is equipped with window air-conditioning units and are all electric, with city water and city sewer service. All apartments include a stove and refrigerator (except for one unit where the refrigerator belongs to the tenant). The property also offers on-site parking for residents. Located in a fantastic Midtown location, the property is convenient for dining, shopping, and entertainment, with easy access to major thoroughfares providing quick connectivity to all areas of Mobile. With strong occupancy, a desirable location, and steady rental history, this property presents a great opportunity for investors seeking a well-located income-producing asset.
140 days
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202
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12
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Zillow last checked:
Listing updated:
Listed by:
Melissa Morrissette251-709-4736,
L L B & B, Inc.
Source: GCMLS,MLS#: 7733339
Facts & features
Interior
Bedrooms & bathrooms
Bathrooms: 0
Heating
None
Cooling
Window Unit(s)
Features
Flooring: Carpet, Hardwood, Laminate
Windows: None
Property
Parking
Total spaces: 9
Parking features: Driveway
Has uncovered spaces: Yes
Accessibility
Accessibility features: None
Features
Levels: Multi/Split
Fencing: None
Has view: Yes
View description: City
Waterfront features: None
Lot
Size: 0.32 Acres
Dimensions: 100 x 140 x 101 x 138
Details
Parcel number: 2907240006217
Special conditions: Corporate Owner
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Materials
Frame, Stucco
Roof: Composition
Condition
Year built: 1945
Utilities & green energy
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Available, Sewer Available, Water Available
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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