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: $180,000
Unit Price: $15,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/17/2019

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 3 income producing properties for sale. For more information, contact the listing agent.

Additional Details

Nearest MSA: Mobile
County: Mobile
Tax ID/APN: 2906390003172.03
Zoning: R3
Percent Occupied: 100%
Airports: Mobile Municipal Airport is approximately 5 miles from property.

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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
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