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Alissa Childree

alissa.childree@exprealty.com +1(251) 975-8192

$600,000

Est. payment - /mo

10 Beds

6 Baths

3,576 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Four To Ten Units

Listing Status Active

Purchase Type For Sale

Square Footage 3,576 sqft

Price per Sqft $167

Subdivision Lee Place

MLS Listing ID 393812

Style Multi Story

Bedrooms 10

Full Baths 6

Construction Status Resale

HOA Y/N No

Rental Info Yes

Year Built 1981

Property Sub-Type Four To Ten Units

Source Baldwin County

Property Description

Investor Alert!! Great investment opportunity in a convenient Midtown location! 266 Rickarby Street includes two separate 3-unit apartment buildings located at 264 and 266 Rickarby Street, situated just south of Government Street with easy access to major thoroughfares. The property features six fully occupied units, providing immediate rental income. The unit mix includes four 2-bedroom, 1-bath apartments and two 1-bedroom, 1-bath apartments. Each unit offers hardwood floors and window HVAC units for heating and cooling. The property is serviced by gas, electricity, city water, and city sewer. All apartments are currently leased, with rents ranging from $500 to $800 per month, and one unit participating in the Section 8 program. Located just off Government Street and close to the Loop, the property offers easy access to shopping, dining, and major routes throughout the city, and is just minutes from downtown Mobile. With two buildings, six fully leased units, and a strong rental location, this property presents a fantastic opportunity for investors seeking a stable, income-producing asset. Buyer to verify all information during due diligence. *Year Built is Unknown.

Location

State AL

County Mobile County

Zoning MultiFamily

Rooms

Dining Room SeparateDiningRoom

Interior

Cooling Window Unit(s)

Flooring Wood, Vinyl

Fireplaces Type No Fireplace

Furnishings Unfurnished

Fireplace No

Appliance Smoke Detector

Exterior

Parking Features On Street

Pool None

Community Features None

Utilities Available Natural Gas Available, Water City, Sewage City, Alabama Power, MoreThanOneWaterMeter

Waterfront Description No Waterfront

View Y/N No

View None/Not Applicable

Roof Type Composition Shingle

Building

Architectural Style Multi Story

Construction Status Resale

Schools

Elementary Schools Leinkauf Elementary

Middle Schools Lillie B. Williamson Middle

High Schools Lillie B. Williamson High

Others

Special Listing Condition Corporate Owned

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Listed by L L B & B, Inc.

NEARBY SCHOOL & BUSINESS

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Alissa Childree

+1(251) 975-8192

Agent | License ID: 3508920

Agent License ID: 3508920

266 Rickarby Street Mobile, AL 36606

Alissa Childree

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others