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$900,000

Est. payment - /mo

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15 BD

10 BA

8,000 SqFt

Active

5 N Fulton Street Mobile, AL 36607

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Greg Foote

gregfootegulfcoast@gmail.com +1(251) 504-9224

UPDATED:

01/18/2025 01:29 AM

Key Details

Property Type Single Family Home

Sub Type Other-See Remarks

Listing Status Active

Purchase Type For Sale

Square Footage 8,000 sqft

Price per Sqft $112

Subdivision Park Place

MLS Listing ID 372888

Style Other-See Remarks

Bedrooms 15

Full Baths 10

Construction Status Resale

Year Built 1986

Annual Tax Amount $3,843

Lot Size 0.557 Acres

Property Sub-Type Other-See Remarks

Property Description

Located near the heart of Downtown Mobile, this exceptional portfolio offers 10 fully rented units, including a triplex, three duplexes, and a single apartment. 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. Owner financing options are available. Buyer and Buyer's Agent to verify all information. Buyer to verify all information during due diligence.

Location

State AL

County Mobile

Area Mobile County

Interior

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Cooling Window Unit(s)

Flooring Tile, Wood

Fireplaces Number 1

Fireplace Yes

Appliance Gas Range, Refrigerator

Exterior

Parking Features Attached

Community Features None

Waterfront Description No Waterfront

View Y/N No

View None/Not Applicable

Roof Type See Remarks

Garage Yes

Building

Lot Description Less than 1 acre

Story 1

Architectural Style Other-See Remarks

New Construction No

Construction Status Resale

Schools

Elementary Schools Mobile-Other

Middle Schools Mobile-Other

High Schools Mobile- Other

Others

Ownership Whole/Full

Listed by Goode Realty, LLC

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Greg Foote

Agent | License ID: AL 128182 | FL SL3457107

+1(251) 504-9224

5 N Fulton Street Mobile, AL 36607

Greg Foote

Key Details

Location

Interior

Exterior

Building

Schools

Others

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5 N Fulton Street