Location
Agent Comments
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. Buyer to verify all information during due diligence.
Amenities
- Electric Range
- Refrigerator
Interior Features
- Cool System: Window Unit(s)
- Floors: Carpet, Laminate, Wood
- Fireplaces: 0
Exterior Features
- Parking: Three or More Vehicles
- Siding: Stucco, Wood Siding
- Roof: Composition
Additional Features
- County: Mobile
- Property Type: Multi Family
- Tax Number: 2907240006217XXX
- Waterfront Features: No Waterfront
- Water/Sewer: Public Sewer
- Year Built: 1945