5 Fulton Street N, Mobile AL 36607
5 Fulton Street N, Mobile AL 36607
24,254 sqft lot
Property Overview
We've got the magic words: Owner Finance! Calling all investors! Ready to grow your portfolio? Nestled near the heart of Downtown Mobile, this incredible opportunity features 10 fully rented units - a triplex, three duplexes, and a single apartment. Don’t miss out on this exceptional income-generating package! Currently rented below market value, this property presents a lucrative opportunity for increased revenue as leases renew. Recent updates by the seller, including electrical, plumbing and HVAC systems, provide peace of mind for investors looking for a turnkey opportunity. This property’s prime location is a significant draw for tenants and investors alike. Residents enjoy easy access to thriving dining scenes, entertainment venues, and the historic charm of the Oakleigh Historic District. The property is also close to Ladd-Peebles Stadium, Bel Air Mall, and the famous Mobile Mardi Gras parade routes. For those seeking outdoor activities, Bienville Square and the Mobile Bay waterfront are just a short drive away. Additionally, the property is well-connected to major roadways, including I-65 and I-10, making it a convenient choice for commuters. Tenants pay all utilities except for landscaping, keeping operating expenses low and maximizing returns. Whether you're a seasoned investor or looking to expand your portfolio, this cash-flowing asset in one of Mobile's most popular areas is a rare find. Don’t miss out—schedule your showing today and capitalize on this growth opportunity! Proof of funds must be submitted prior to showings. Buyer and Buyer's Agent to verify all information.
-
Subdivision
Park Place
-
County
Mobile - AL
-
Property Type
Residential Income
-
Lot Size (Acres)
0.56
Features & Amenities
School Information
Elementary School
Florence Howard
Middle School
Booker T Washington
High School
Murphy