7 Rental Houses - ALL LEASED

Retail-Commercial for Sale
Catylist Listing ID: 30144475
Building Size (RSF): 6,628 SF
Gross Building Area: See Agent
Gross Land Area: 4.22 Acres
Sale Price: $425,000
Unit Price: $64.12 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/14/2017

Overview / Comments

Seven rental houses, all leased, producing approximately $45,900 annual income. Combined square footage is 6,628 sf. Properties sit on a combined 4.22 AC site (3 parcels). Two houses front Moffett Road (189 FT). The other five houses accessed by Reynolds Drive (private drive). Second access from Oak Lane Drive. Great location, convenient to I-65. Opportunity for redevelopment (multi-family, residential subdivision, mini-storage facility, and more).

Additional Details

Nearest MSA: Mobile
County: Mobile
Tax ID/APN: 2801122002104.000
Property Located Between: I-65 & Oak Cir Dr.
Property Visibility: Fair
Largest Nearby Street: Moffett Road
Feet of Frontage: 189
Traffic/Vehicle Count: 37,700
Area Description: Located less than one mile from I-65, site is situated on Moffett Road with a private drive (Reynolds Drive) for access to to the back portion of the property. Second access to property located off Oak Lane Drive (Cir W).
Tenancy: Multiple Tenants
Total Number of Buildings: 7
Property Condition: Fair
Lot Frontage: 189
Lot Depth: 961

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,103 70,247 188,373
Median Age: 37.37 37.3 35.93
Households: 2,374 28,557 76,191

Contact

Photograph of Listing Agent

John T. Jenkins

NAI Mobile, LLC Gulf Coast CMLS Member
Photograph of Listing Agent

Pete Riehm

NAI Mobile, LLC Gulf Coast CMLS Member
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