261 BROAD STREET S
MOBILE, AL 36604

$180,000

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Status Active
Listing Commercial
Style Other
Year Built 1901
MLS® 626703
Original Listing Open Link
Commercial For Sale

Property Features
261 S Broad Street is a multi-unit property consisting of 9 one-bedroom apartments, each producing $ 650 per month. This property has a newly installed sprinkler system and is very well maintained. This one property produces an annual income of $ 78,000 with a net of $ 61,000 annually. This property has many long-term tenants, some who have been at the property for over 2 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 263 S Broad Street. The Seller is retiring and is offering his 3 income producing properties for sale.
Key Features
House Size 2944 Sq. Ft.
Property Type Commercial
Year Built 1901
Style Other
Stories 2.0
Parking Spaces 15-car
Interior Features
Total Sq. Ft. 2944 Sq. Ft.
Heating Electric
Exterior Features
Roof Slate
Parking Spaces 15-car
The Neighborhood
County MOBILE

Disclaimer: Copyright © 2019 Gulf Coast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Interested in this listing?
Listing Agent
DON PARDEN
EXIT REALTY LYON & ASSOCIATES
Direct: 251-554-1941
Broker: 251-450-1481
By clicking "submit" you agree to receive electronic communications in response to your request from NewPoint Media Group or the information provider.
Contact
Listing Agent
DON PARDEN
EXIT REALTY LYON & ASSOCIATES
Direct: 251-554-1941
Broker: 251-450-1481
By clicking "submit" you agree to receive electronic communications in response to your request from NewPoint Media Group or the information provider.
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Information deemed reliable but not guaranteed. All measurements are approximate. MLS® numbers are provided where available. NewPoint Media Group, LLC is not affiliated or associated with The Canadian Real Estate Association or any other owner of the MLS® word or design mark in any geographic area.