AL
Mobile - AL
Citronelle
36522
8135 State Street A B C D
8135 State Street A B C D, Citronelle, AL 36522
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Listing Type
Condo/Townhome
Listing Status
Active
13
$349,379

Home Details for 8135 State Street A B C D

Price
$349,379
Type
Residential
Bedrooms
8
Bathrooms
4.0
Square feet
NaN
Year built
1984
Lot size acres
1.52
County
Mobile - AL
Garage
Basement
None
Days on site
11
MLS Listing#
7726315
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.

Property Features
  • Utilities
    • Electricity Available
    • Sewer Available
    • Water Available
  • Cooling Information
    • Ceiling Fan(s)
    • Central Air
  • Heating Information
    • Central
    • Electric
  • Parking
    • Driveway
    • Parking Lot
  • Waterfront and Water Access
    • Stream
  • Water Features
    • Public
  • House Interior
    • Other
  • Basement
    • None
  • Fire Place
    • None
School Information
School Information for 8135 State Street A B C D, Citronelle, AL 36522
Elementary School
McDavid-Jones
Middle School
Lott
High School
Citronelle
Listing Courtesy: Keller Williams Mobile - 251-662-5660
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Market statistics compiled from data from Gulf Coast MLS / Mobile Area Association of REALTORS(R).
EXIT REALTY PROMISE
759 Downtowner Loop W., Mobile, AL 36609
Office
251 450 1481
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