261 BROAD STREET S, MOBILE, AL 36604 (MLS # 626703)

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PRICE $180,000 dsIDX morgage calculator
SIZE 2,944 sq ft
LOT SIZE n/a

261 S Broad Street is a multi-unit property consisting of 9 one-bedroom apartments, each producing $ 650 per month. This property has a newly installed sprinkler system and is very well maintained. This one property produces an annual income of $ 78,000 with a net of $ 61,000 annually. This property has many long-term tenants, some who have been at the property for over 2 years. This building is located in the Oakleigh Historical District near Downtown Mobile and is close to food stores and fast food restaurants. There are 2 adjacent income producing properties also available for Sale at 259 and 263 S Broad Street. The Seller is retiring and is offering his 3 income producing properties for sale.

DAYS ON MARKET 7 LAST UPDATED 5/16/2019
TRACT OAKLEIGH HISTORICAL DISTRICT YEAR BUILT 1901
COMMUNITY MidTown South COUNTY MOBILE
STATUS Active PROPERTY TYPE(S) Commercial


ADDITIONAL DETAILS
AIR Winun
AREA MidTown South
CONSTRUCTION Brick, Frame
EXTERIOR Location: CITY
GARAGE OffStr, OnSite
HEAT Electric
INTERIOR Floors: Hardwd, Vinyl
LOT 0
LOT DESCRIPTION CITY
LOT DIMENSIONS 55x132x55x132
SEWER At Site
SUBDIVISION OAKLEIGH HISTORICAL DISTRICT
UTILITIES 110 volts,220 volts,None
WATER At Site
ZONING Other
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listing provided by DON PARDEN with EXIT REALTY LYON & ASSOCIATES

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