259 Broad Street S

    Mobile, AL 36604
    • $180,000
    • STATUS: Active
    • ON SITE: 31 days
    • MLS #: 626706
    UPDATED: 51 min ago
    $180,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,240
      SQFT
    • $42
      $/SQFT
    Type:
    Commercial
    Built:
    1901
    County:

    School Ratings & Info

    Description

    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.

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    © 2019 Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided is deemed reliable but is not guaranteed or warranted and should be independently verified. The data relating to real estate for sale on this web site comes in part from the IDX/RETS Program of the Gulf Coast Multiple Listing Service, Inc. IDX/RETS real estate listings displayed which are held by other brokerage firms contain the name of the listing firm. The information being provided is for consumers' personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2019-06-16T08:37:41.397.

    Berkshire Hathaway HomeServices - Cooper & Co. Inc., REALTORS®
    www.mobilebayhomes.com/homes/94798214

    259 Broad Street S Mobile, AL 36604

    • Price: $180,000
    • Status: Active
    • Updated: 51 min ago
    • MLS #: 626706
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    4,240
    SQFT
    $42
    $/SQFT
    1901
    Built
    Neighborhood:
    Oakleigh Historical District
    County:
    Mobile
    Area:
    Midtown South
    Property Description
    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.
    Exterior Features

    Construction Materials BrickFrame Parking OffstrOnsite Parking Spaces 15 Road Frontage City Roof CompositionPitched Waterfront Available No

    Interior Features

    Cooling Winun Floors HardwdVinyl Heating Electric

    Property Features

    For Lease Yn No For Sale Yn Yes Foundation Features Piers Frontfootage 50 Location City Lot Dimensions 57X132x56x132 Num Of Buildings 3 Number Of Stories 2 Story Possession At Close Prop Sub Type Apartment House Sewer At Site Terms Offered Cash Utilities 110 Volts220 VoltsNone Water At Site

    Listing courtesy of Don Parden of Exit Realty Lyon & Associates.


    © 2019 Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided is deemed reliable but is not guaranteed or warranted and should be independently verified. The data relating to real estate for sale on this web site comes in part from the IDX/RETS Program of the Gulf Coast Multiple Listing Service, Inc. IDX/RETS real estate listings displayed which are held by other brokerage firms contain the name of the listing firm. The information being provided is for consumers' personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2019-06-16T08:37:41.397.

    Berkshire Hathaway HomeServices - Cooper & Co. Inc., REALTORS®
     
    Berkshire Hathaway HomeServices - Cooper & Co. Inc., REALTORS®
    Serving Your Real Estate Needs in
    Mobile AL,