5 N Fulton Street new Save Request In-Person Tour Request Virtual Tour
Mobile,AL 36607
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 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