266 Rickarby St, Mobile, AL 36606

$600,000
10
BD
6
BA
3,576
SqFt

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List Price
$600,000
Status
ACTIVE
Days on Market
131
MLS#
393812
Subtype
Residential Income
Year Built
1981
Bedrooms
10
Bathrooms
6
Full Baths
6
Living Area
3,576
Acres
0.34
Subdivision
Lee Place
MLS Area Major
Mobile County

Property Description

Investor Alert!! Great investment opportunity in a convenient Midtown location! 266 Rickarby Street includes two separate 3-unit apartment buildings located at 264 and 266 Rickarby Street, situated just south of Government Street with easy access to major thoroughfares. The property features six fully occupied units, providing immediate rental income. The unit mix includes four 2-bedroom, 1-bath apartments and two 1-bedroom, 1-bath apartments. Each unit offers hardwood floors and window HVAC units for heating and cooling. The property is serviced by gas, electricity, city water, and city sewer. All apartments are currently leased, with rents ranging from $500 to $800 per month, and one unit participating in the Section 8 program. Located just off Government Street and close to the Loop, the property offers easy access to shopping, dining, and major routes throughout the city, and is just minutes from downtown Mobile. With two buildings, six fully leased units, and a strong rental location, this property presents a fantastic opportunity for investors seeking a stable, income-producing asset. Buyer to verify all information during due diligence. *Year Built is Unknown.

Additional Information

Financing
Cash
Flooring
Wood, Vinyl
Appliances
Smoke Detector
Air Conditioning
Window/Wall
Stories
2
Roof
Composition
Parking Features
On Street
Elementary School
Leinkauf Elementary
Middle School
Lillie B. Williamson Middle
High School
Lillie B. Williamson High

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of L L B & B, Inc..

© Baldwin County Association of Realtors, Inc. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocitysm Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on .