Multi Family Building

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30148488
Property Subtypes: Mixed Use
Status: Pending
Number of Units: 12 Units
Building Size (RSF): 4,240 SF
Sale Price: $175,000
Unit Price: $14,583.33 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/12/2017

Overview / Comments

259 S Broad Street is a multi-unit property consisting of 11 rented units, each producing $ 500 per month and a one bedroom apartment rented for $ 650 per month. This property has a newly installed sprinkler system and is very well maintained. This one property produces an annual income of $ 60,000 with a net of $ 48,000 annually. This property has many long-term tenants, some who have been at the property for over 3 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 261 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: 2906390003172.03
Zoning: R3
Percent Occupied: 100%

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

Contact

Photograph of Listing Agent

Donnie Parden

EXIT Realty Lyon - Mobile Gulf Coast CMLS Member
© Copyright Gulf Coast CMLS. 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.