259 S Broad St, Mobile, AL 36603
Commercial property for lease
- 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 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: $175,000.
- Contact info
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Donnie PardenEXIT Realty Lyon - Mobile
- Note
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- Property Details
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Property Type: Commercial (Other) Status: Available Submarket: Mixed Use MSA: Mobile Zoning: R3 Buildings: 1 Terms: Cash to Seller Added: 11/16/2017