259 BROAD STREET S, MOBILE, AL 36604

259 S Broad Street is a multi-unit property consisting of 11 rented units, each producing $500 per month and a one-bedroom apartment rented for $650 per month. This property has a newly installed sprinkler system and is very well maintained. This one property produces an annual income of $ 60,000 with a net of $ 48,000 annually. This property has many long-term tenants, some who have been at the property for over 3 years. This building is located in the Oakleigh Historical District near Downtown Mobile and is close to food stores and fast food restaurants. There are 2 adjacent income producing properties also available for Sale at 261 and 263 S Broad Street. The Seller is retiring and is offering all 3 income producing properties for sale.