263 S Broad Street S, Mobile, AL 36603

$225,000
5,140
SqFt
List Price
$225,000
MLS#
626701
Year Built
1901
Living Area
5,140
County
Mobile
Region
MidTown South
Subdivision
Oakleigh Historical District

Property Description

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.

Additional Information

Roof
Composition, Pitched, Shingle, Slate
Parking Spaces
15
Parking Description
OffStr, OnSite
Water
At Site
Cooling
Winun
Sewer
At Site
Heating
Electric
Stories
2 Story

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of EXIT REALTY LYON & ASSOCIATES.