Multi Family Building
|Catylist Listing ID:
|Number of Units:
|Building Size (RSF):
||$15,000 Per Unit
|Property Use Type:
||Cash to Seller
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.
||Mobile Municipal Airport is approximately 5 miles from property.
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