For Sale
$950,000

1070 Leroy Stevens RdMobile, AL 36695

Five-unit rental portfolio, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fully renovated, five-unit multifamily property in Mobile, Alabama, comprising two buildings situated on adjacent parcels totaling 0.92 acres. The property consists of a triplex (1070 Leroy Stevens Rd, Parcel No. 2707253000012015) and a duplex (1090 Leroy Stevens Rd, Parcel No. 2707253000012007). The triplex features three units, each with two bedrooms and two full bathrooms, while the duplex offers two units, each with one bedroom and one full bathroom. All units have undergone renovations between 2015 and 2024. The property boasts a total of 5,017 square feet and offers eight parking spaces, including a driveway, level driveway, parking lot, and paved areas with uncovered spaces. The buildings are one-story structures with a fenced backyard offering rural views. Currently, the property enjoys 90% occupancy, generating multiple rental incomes, including a separate income stream from an advertising-sign lease. Detailed unit-specific information, including current rental rates (ranging from $1200 to $1680 per month, with some units furnished and utilities included), is available upon request. This turnkey investment offers significant potential for strong returns. The asking price is $950,000, representing $190,000 per unit and $189.36 per square foot.

Highlights

  • $950,000 asking price for a 5-unit multifamily property.
  • Five units totaling 5,017 square feet, averaging $190,000 per unit and $189.36 per square foot.
  • 90% occupancy rate.
  • Two one-story buildings built in 1988, with renovations in 2015, 2017, 2019, and 2024.
  • 0.92-acre lot with 8 parking spaces.

Property Details for 1070 Leroy Stevens Rd

Property type
Residential income homes
Square Feet
5,017 SF
Year Built
1988
Buildings
2
Stories
1
Lot Size (sq. ft)
20,473 SF
Units
5

Location Insight

City
Mobile
County
Mobile
State
Alabama
Latitude
30.667937435673
Longitude
-88.236324335647
1070 Leroy Stevens Rd, Mobile, Alabama

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1070 Leroy Stevens Rd
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