5 Fulton ST N Pending Save Request In-Person Tour Request Virtual Tour
Mobile,AL 36607
Key Details
Property Type Single Family Home
Listing Status Pending
Purchase Type For Sale
Subdivision Park Place
MLS Listing ID 7510480
Year Built 1986
Annual Tax Amount $3,843
Tax Year 3843
Lot Size 0.557 Acres
Property Description
We've got the magic words: Owner Finance! Calling all investors! Ready to grow your portfolio? Nestled near the heart of Downtown Mobile, this incredible opportunity features 10 fully rented units - a triplex, three duplexes, and a single apartment. Don't miss out on this exceptional income-generating package!
Currently rented below market value, this property presents a lucrative opportunity for increased revenue as leases renew. Recent updates by the seller, including electrical, plumbing and HVAC systems, provide peace of mind for investors looking for a turnkey opportunity. This property's prime location is a significant draw for tenants and investors alike. Residents enjoy easy access to thriving dining scenes, entertainment venues, and the historic charm of the Oakleigh Historic District. The property is also close to Ladd-Peebles Stadium, Bel Air Mall, and the famous Mobile Mardi Gras parade routes. For those seeking outdoor activities, Bienville Square and the Mobile Bay waterfront are just a short drive away. Additionally, the property is well-connected to major roadways, including I-65 and I-10, making it a convenient choice for commuters.
Tenants pay all utilities except for landscaping, keeping operating expenses low and maximizing returns. Whether you're a seasoned investor or looking to expand your portfolio, this cash-flowing asset in one of Mobile's most popular areas is a rare find. Don't miss out—schedule your showing today and capitalize on this growth opportunity!
Proof of funds must be submitted prior to showings. Buyer and Buyer's Agent to verify all information.
Location
State AL
County Mobile - Al
Direction From I65/Dauphin St., go East approx. 2.2 miles and turn left onto N. Fulton St. This listing includes the first four buildings on your left.
Interior
Heating Ductless,Forced Air,Natural Gas
Cooling Ceiling Fan(s),Ductless,Window Unit(s)
Exterior
Fence None
Community Features Near Shopping,Restaurant,Sidewalks,Street Lights
Utilities Available Cable Available,Electricity Available,Water Available
Waterfront Description None
View Y/N true
View City
Roof Type Other
Building
Lot Description Level
Sewer Public Sewer
Water Public
Level or Stories One
Schools
Elementary Schools Florence Howard
Middle Schools Booker T Washington
High Schools Murphy
Others
Acceptable Financing Cash,Conventional,Other
Listing Terms Cash,Conventional,Other
Special Listing Condition Standard