263 S Broad Street is a multi-unit property consisting of 18 rented units, each producing $400 to $800 per month and 3 one-bedroom units, each 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 $ 108,000 with a net of $ 87,000 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 259 and 261 S Broad Street. The Seller is retiring and is offering his 3 income producing properties for sale.
Listing courtesy of EXIT REALTY LYON & ASSOCIATES.