Great Rental Homes Investment Opportunity

Multi-Family for Sale
Catylist Listing ID: 30388258
Number of Units: 11 Units
Building Size (RSF): 1,033 SF
Gross Building Area: See Agent
Sale Price: $600,000
Unit Price: $54,545.45 Per Unit
Property Use Type: Investment
Building Name: Love Ave Rental Homes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 90
Last Updated: 2/17/2021

Overview / Comments

Own a entire street of Rental Homes! 12 homes with 4 lots!! All homes are currently rented except one. All homes are made of concrete block walls with brick. Even interior walls are concrete block so very low maintenance. Great Investment Opportunity. Owner motivated to sale due to health issues. Parcels listed below. All measurements are approximate and not guaranteed! 23-06-24-4-000-059.013 23-06-24-4-000-059.009 23-06-24-4-000-059.004 23-06-24-4-000-059.005 23-06-24-4-000-059.003 23-06-24-4-000-059.010 23-06-24-4-000-059.011 23-06-24-4-000-059.012 23-06-24-4-000-059.001 23-06-24-1-000-051 (Lot) 23-06-24-4-000-059.007 (Lot) 23-06-24-4-000-059.008 (Lot) 23-06-24-4-000-059.006 (Lot)

Additional Details

Nearest MSA: Mobile
County: Mobile
Taxing Authority: Mobile County
Zoning: R1
Percent Occupied: 90%
Property Located Between: Highway 45
Highway Access: Highway 45
Airports: Mobile Regional
Site Description: Residential neighborhood. All homes on same street.
Area Description: Residential
Total Number of Buildings: 10
Property Condition: Average
Number of Stories: 1
Year Renovated: 1995
Roof Type: Hip
Construction/Siding: Wood Siding
Exterior Description: Residential structures
Sprinklers: None
Heat Type: Electricity
Heat Source: Heat Pump
Fuel: Gas, Electric
Air Conditioning: Evaporative Cooler
Internet Access: Cable, DSL
Interior Description: Residential / Low maintenance concrete construction walls.
Zoning Description: R!
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,161 32,227 90,057
Median Age: 38.16 36.76 37.8
Households: 1,093 11,959 34,378


Photograph of Listing Agent

James Henderson

Realty Executives Bay Group
Gulf Coast CMLS Member
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