263 S Broad St, Mobile, AL 36603

Commercial property for lease

• Description
• 263 S Broad Street is a multi-unit property consisting of 18 rented units, each producing $ 400 to $ 500 per month and 3 one bedroom units, each 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 $ 92,000 with a net of $ 75,000 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 259 and 261 S Broad Street. The Seller is retiring and is offering all of his 13 income producing properties for sale, consisting of single family and multi-family units, that can be purchased individually or as a package of all 13 properties. For more information, contact the listing agent. Building price details: $245,000.
• Contact info
• Donnie Parden

  EXIT Realty Lyon - Mobile
• Note

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