1070 Leroy Stevens RdMobile, AL 36695

Property Details for 1070 Leroy Stevens Rd

Year built

1988

Lot size

0.47 AC

Property size (Sq ft)

5,017 SF

Property type

Residential income homes

Description

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.

Location Insight

City

Mobile

County

Mobile

State

Alabama

Latitude

30.6679

Longitude

-88.2363

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