0.43 Acres Lot
0.43 Acres Lot
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Siena Vista
MLS Listing ID 7703100
Annual Tax Amount $3,954
Tax Year 3954
Lot Size 0.430 Acres
Property Description
Welcome to 2664 Murrell Ln, Mobile, AL 36607 — a rare opportunity to acquire a fully renovated, fully occupied nine-unit apartment complex in the heart of Midtown Mobile. With an average rent of $850 per unit and 100% occupancy, this property offers immediate cash flow and long-term stability in a market where quality multifamily inventory is limited.
Each unit is approximately 825 square feet and features a 2-bedroom, 1-bath layout that appeals to a broad tenant base. The property underwent major capital improvements in 2020, including a new roof, updated electrical, plumbing, and HVAC systems, significantly reducing near-term maintenance and capital expenditure concerns.
The complex is constructed of solid brick, providing durability, low maintenance, and strong curb appeal. All units are all-electric, and the property is situated in a quiet, established area while remaining conveniently close to Midtown restaurants, shopping, hospitals, libraries, grocery stores, public transportation, and interstate access—a highly desirable location for tenants.
Location
State AL
County Mobile - Al
Direction From I65, travel east on Springhill Avenue to (L) on Mobile St. to (R) on Murrell Lane. Apartments on (L) side.
Interior
Heating Central, Electric, Separate Meters
Cooling Central Air, Electric, Separate Meters
Flooring Ceramic Tile, Laminate
Exterior
Fence Fenced
Community Features Near Schools, Near Shopping, Park, Restaurant, Sidewalks, Street Lights
Utilities Available Electricity Available, Phone Available, Sewer Available, Water Available
Waterfront Description None
View Y/N true
View City
Roof Type Shingle
Total Parking Spaces 9
Building
Lot Description Level
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
Elementary Schools Holloway
Middle Schools Booker T Washington
High Schools John L Leflore
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