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Carolina Matos

cmatosrealtor@gmail.com +1(228) 382-2312

Listed by Rameh Dickens Khazen • Bellator Real Estate LLC Mobile

$ 715,000

Est. payment | -/mo

10,406 Sqft Lot

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$ 715,000

Est. payment | -/mo

Save

10,406 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Subdivision Glendale Park

MLS Listing ID 7716480

Annual Tax Amount $928

Tax Year 928

Lot Size 10,406 Sqft

Property Sub-Type Duplex

Property Description

Updated and stabilized, ten unit apartment complex in Midtown Mobile! Updated roof, fresh interior and new lighting. All with neutral colored paint, and vinyl plank floors. The kitchens are updated with white cabinets and countertops. Seven units are studio apartments, two units are two bedrooms, and one unit is a three bedroom. Out of the ten units, eight are currently long term tenants with one year leases, two units are being utilized as short term rentals. The short term rental units are generating approx $1200 per month, per unit. The rents on the long term units vary by unit. Rent rolls available by request. Property is near full occupancy and generates around $8500 gross per month on average. This area has seen great improvement and has excellent future appreciation potential. Located less than half a mile from Downtown Mobile, close to interstate access and not far from Mardi Gras parade routes. Roofs, plumbing, and electrical updates are approximately 8 years old. Call for more information. All measurements are approximate and not guaranteed, buyer to verify.

Location

State AL

County Mobile - Al

Direction From Downtown and headed West, make a left onto Michigan Avenue. Property is located on the right.

Interior

Heating Other

Cooling Other

Flooring Hardwood, Vinyl

Exterior

Fence None

Community Features None

Utilities Available Electricity Available, Natural Gas Available

Waterfront Description None

View Y/N true

View Other

Roof Type Composition

Building

Lot Description Other

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

Elementary Schools Leinkauf

Middle Schools Calloway Smith

High Schools Murphy

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(228) 382-2312

cmatosrealtor@gmail.com

302 Michigan AVE Mobile, AL 36604

Carolina Matos

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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302 Michigan AVE