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We've got the magic words: Owner Finance! Calling all investors! Ready to grow your portfolio? Nestled near the heart of Downtown Mobile, this incredible opportunity features 10 fully rented units - a triplex, three duplexes, and a single apartment. Don't miss out on this exceptional income-generating package! Currently rented below market value, this property presents a lucrative opportunity for increased revenue as leases renew. Recent updates by the seller, including electrical, plumbing and HVAC systems, provide peace of mind for investors looking for a turnkey opportunity. This property's prime location is a significant draw for tenants and investors alike. Residents enjoy easy access to thriving dining scenes, entertainment venues, and the historic charm of the Oakleigh Historic District. The property is also close to Ladd-Peebles Stadium, Bel Air Mall, and the famous Mobile Mardi Gras parade routes. For those seeking outdoor activities, Bienville Square and the Mobile Bay waterfront are just a short drive away. Additionally, the property is well-connected to major roadways, including I-65 and I-10, making it a convenient choice for commuters. Tenants pay all utilities except for landscaping, keeping operating expenses low and maximizing returns. Whether you're a seasoned investor or looking to expand your portfolio, this cash-flowing asset in one of Mobile's most popular areas is a rare find. Don't miss out"”schedule your showing today and capitalize on this growth opportunity! Proof of funds must be submitted prior to showings. Buyer and Buyer's Agent to verify all information.
| DAYS ON MARKET | 29 | LAST UPDATED | 1/16/2025 |
|---|---|---|---|
| TRACT | Park Place | YEAR BUILT | 1986 |
| COUNTY | Mobile - AL | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | Florence Howard |
|---|---|
| Jr. High School | Booker T Washington |
| High School | Murphy |
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s), Ductless, Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| CONSTRUCTION | Frame , Wood Siding |
| GARAGE | Attached Garage |
| HEAT | Ductless, Forced Air, Natural Gas |
| LOT | 0.5568 acre(s) |
| LOT DESCRIPTION | Level |
| LOT DIMENSIONS | 255x122x145x59x107x63 |
| PARKING | Attached, Carport |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | Park Place |
| TAXES | 3843 |
| UTILITIES | Cable Available, Electricity Available, Water Available |
| VIEW | Yes |
| VIEW DESCRIPTION | City |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Taylor Pettway with Goode Realty, LLC
All information provided is deemed reliable but is not guaranteed or warranted and should be independently verified. The data relating to real estate for sale on this web site comes in part from the IDX/RETS Program of the Gulf Coast Multiple Listing Service, Inc. IDX/RETSreal estate listings displayed which are held by other brokerage firms contain the name of the listing firm. The information being provided is for consumer’s personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2003 Gulf Coast Multiple Listing Service, Inc. All rights reserved.
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