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: |
$275,000 |
| Unit Price: |
$41.49 PSF |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
6/5/2021 |
Overview / Comments
|
Seven rental houses, all leased, producing approximately $50,796 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 |
|
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