Multi Family Building

Multi-Family for Sale
Catylist Listing ID: 30148489
Property Subtypes: Mixed Use
Number of Units: 9 Units
Building Size (RSF): 2,944 SF
Sale Price: $175,000
Unit Price: $19,444.44 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/23/2018

Overview / Comments

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 $ 58,000 with a net of $ 45,000 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 all of his 13 income producing properties for sale, consisting of single family and multi-family units, that can be purchased individually or as a package of all 13 properties. For more information, contact the listing agent.

Additional Details

Nearest MSA: Mobile
County: Mobile
Tax ID/APN: 2906390003172.07
Zoning: R3

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,052 57,922 106,493
Median Age: 39.06 36.59 36.23
Households: 4,588 22,436 41,748


Photograph of Listing Agent

Donnie Parden

EXIT Realty Lyon - Mobile Gulf Coast CMLS Member
© Copyright Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Gulf Coast CMLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.