REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

IXL Real Estate North

ixlnorth@gmail.com +1(251) 265-1230

Listed by Amber Busby • Keller Williams Mobile

$349,379

Est. payment - /mo

8 Beds

4 Baths

3,000 SqFt

Save Virtual Tour

UPDATED:

Key Details

Property Type Townhouse

Sub Type Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 3,000 sqft

Price per Sqft $116

Subdivision Town Of Citronelle

MLS Listing ID 7726315

Bedrooms 8

Full Baths 4

Year Built 1984

Annual Tax Amount $2,500

Tax Year 2500

Lot Size 1.520 Acres

Property Sub-Type Townhouse

Property Description

VRP Seller will entertain offers between $349000-$379,000. Investor alert! Turnkey Cash-Flowing 4-Unit Investment Opportunity! Fully occupied 4-unit property generating immediate income from day one. Properties with this kind of built-in cash flow and upside potential are becoming increasingly hard to find. Each unit features 2 bedrooms, 1 bathroom, a kitchen, a living room, and a laundry room, creating functional layouts that support strong tenant demand. All units are separately metered for electricity, keeping operating costs lower for the owner. Tenants pay their own electric, while water is shared. Current rents:• Two units at $650/month• Two units at $550/month. All leases are month-to-month, allowing the next owner to adjust rents and increase overall returns. Situated on approximately 1.5 acres, this property offers additional upside potential with room for possible expansion, additional units, or other development opportunities (buyer to verify). Additional income opportunities include: a large roadside sign that can be leased for advertising, and parking income during local high school football games. The property offers ample parking in both the front and rear, along with covered porches on both sides of the building. Conveniently located within walking distance to medical facilities, restaurants, banks, shopping, and other everyday amenities, making it attractive for long-term tenants. Income-producing properties with land and future upside like this are rarely available. Do not disturb tenants. Showings by appointment only with the listing agent and subject to tenant approval.

Location

State AL

County Mobile - Al

Direction FROM I-65 IN MOBILE, TRAVEL NORTH ON HIGHWAY 45 (WHICH BECOMES THIRD STREET). RIGHT ON STATE STREET. PROPERTY ON THE RIGHT APPROXIMATELY 1/2 BLOCK FROM CORNER OF 3RD STREET & STATE STREET & BEFORE SECOND STREET (ACROSS FROM THE HIGH SCHOOL ATHLETIC FIELD/STADIUM).

Rooms

Basement None

Dining Room None

Kitchen Cabinets White, View to Family Room

Interior

Interior Features Other

Heating Central, Electric

Cooling Ceiling Fan(s), Central Air

Flooring Vinyl

Fireplaces Type None

Appliance Electric Range, Refrigerator

Laundry Laundry Room

Exterior

Exterior Feature Other

Fence None

Pool None

Community Features Near Schools, Near Shopping, Park, Playground, Restaurant, Sidewalks

Utilities Available Electricity Available, Sewer Available, Water Available

Waterfront Description Stream

View Y/N true

View City, Trees/Woods

Roof Type Metal

Building

Lot Description Back Yard, Front Yard, Landscaped, Level

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Other

Level or Stories One

Schools

Elementary Schools Mcdavid-Jones

Middle Schools Lott

High Schools Citronelle

Others

Virtual Tour https://youtube.com/shorts/khWffeOz828?si=KULQaIl2WgU4jUki

Read Less Info

Nearby Locations

IXL Real Estate North

Company

+1(251) 265-1230

8135 State ST #A B C D Citronelle, AL 36522

IXL Real Estate North

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

GET MORE INFORMATION