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Ashley Banks

realtorashleybanks@gmail.com +1(251) 599-0067

Listed by Marcile Sims • Keller Williams Mobile

$ 329,449

Est. payment | -/mo

1.52 Acres Lot

Save

$ 329,449

Est. payment | -/mo

Save

1.52 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Town Of Citronelle

MLS Listing ID 7780400

Year Built 1984

Annual Tax Amount $2,056

Tax Year 2056

Lot Size 1.520 Acres

Property Sub-Type Quadruplex

Property Description

VRP Seller will entertain offers between $329,000-$349,000. 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).

Interior

Heating Central

Cooling Ceiling Fan(s), Central Air

Exterior

Fence None

Community Features Near Public Transport

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

Waterfront Description None

View Y/N true

View Rural

Roof Type Metal

Building

Lot Description Flag Lot, Level

Sewer Public Sewer

Water Public

Level or Stories One

Schools

Elementary Schools Mcdavid-Jones

Middle Schools Lott

High Schools Citronelle

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(251) 599-0067

realtorashleybanks@gmail.com

8135 State ST Citronelle, AL 36522

Ashley Banks

Key Details

Location

Interior

Exterior

Building

Schools

Others

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8135 State ST