UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Daughdrill & Kennedy
MLS Listing ID 7804246
Year Built 1915
Annual Tax Amount $1,819
Tax Year 1819
Lot Size 7,880 Sqft
Property Sub-Type Quadruplex
Property Description
Fully leased quadplex investment opportunity in Midtown Mobile, just minutes from Downtown. This income-producing property currently generates $4,250 per month in gross rental income, with executed leases in place for all four units. Tenants are responsible for their own utilities, and each unit has its own power meter, water meter, water heater, and central HVAC system.
Major recent improvements include a new FORTIFIED roof completed in 2026, replacement of the main 6-inch sewer line in 2026, HVAC systems replaced since 2018/2019, and post-COVID water heaters. Unit B was also renovated in 2025 with new carpet, interior paint, light fixtures, and a new stove. No HOA.
With established tenants, current leases in place, and significant recent capital improvements already completed, this property offers the opportunity to acquire a stabilized, income-producing asset in a highly visible Midtown location. Financial information, rent roll, leases, and additional property documents available upon request. Buyer and/or buyer's agent to verify all details.
Location
State AL
County Mobile - Al
Direction Heading east on Dauphin Street toward Downtown Mobile, property will be on the left before reaching Broad Street.
Interior
Heating Central
Cooling Ceiling Fan(s), Central Air
Flooring Ceramic Tile, Hardwood
Exterior
Fence Back Yard
Community Features None
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Waterfront Description None
View Y/N true
View City
Roof Type Shingle
Total Parking Spaces 4
Building
Lot Description Other
Sewer Public Sewer
Water Public
Level or Stories Multi/Split
Schools
Elementary Schools Florence Howard
Middle Schools Calloway Smith
High Schools Murphy
Others
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, VA Loan
Listing Terms 1031 Exchange, Cash, Conventional, FHA, VA Loan
Nearby Locations