5 Fulton Street N
Mobile, AL 36607
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- 1986 build
- – on site
Located near the heart of Downtown Mobile, this exceptional portfolio offers 10 fully rented units, including a triplex, three duplexes, and a single apartment. Currently rented below market value, this property presents a lucrative opportunity for increased revenue as leases renew. Recent updates by the seller, including electrical, plumbing and HVAC systems, provide peace of mind for investors looking for a turnkey opportunity. This property’s prime location is a significant draw for tenants and investors alike. Residents enjoy easy access to thriving dining scenes, entertainment venues, and the historic charm of the Oakleigh Historic District. The property is also close to Ladd-Peebles Stadium, Bel Air Mall, and the famous Mobile Mardi Gras parade routes. For those seeking outdoor activities, Bienville Square and the Mobile Bay waterfront are just a short drive away. Additionally, the property is well-connected to major roadways, including I-65 and I-10, making it a convenient choice for commuters. Tenants pay all utilities except for landscaping, keeping operating expenses low and maximizing returns. Whether you're a seasoned investor or looking to expand your portfolio, this cash-flowing asset in one of Mobile's most popular areas is a rare find. Don’t miss out—schedule your showing today and capitalize on this growth opportunity! Proof of funds must be submitted prior to showings. Owner financing options are available. Buyer and Buyer's Agent to verify all information.
Last checked:
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Last updated Jan 19, 2025
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MLS# 7510480 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1986
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Construction Materials:Frame
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Roof:Other
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Levels:One
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Window Features:None
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Accessibility Features:None
Location
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Latitude:30.686503
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Longitude:-88.089958
The Property
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Parcel Number:2907240003059
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Property Type:Residential Income
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Lot Size Area:24254.208
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Lot Features:Level
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Lot Size Acres:0.5568
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Lot Size Dimensions:255x122x145x59x107x63
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Lot Size Square Feet:24254.208
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Lot Size Units:Square Feet
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View:City
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View:true
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Topography:Level
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Fencing:None
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Waterfront Features:None
Listing Agent
- Contact info:
- Agent phone:
- (251) 525-7050
- Office phone:
- (251) 981-2929
Taxes
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Tax Annual Amount:3843
Heating & Cooling
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Heating:Ductless
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Heating:true
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Cooling:Ceiling Fan(s)
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Cooling:true
Utilities
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Utilities:Cable Available
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Sewer:Public Sewer
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Water Source:Public
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Green Energy Efficient:None
Schools
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Elementary School:Florence Howard
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Middle Or Junior School:Booker T Washington
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High School:Murphy
The Community
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Subdivision Name:Park Place
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Community Features:Near Shopping
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Waterfront:false
Parking
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Carport:true
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Parking Features:Attached
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/16/25
Jan 16, 2025
|
Listed / Active | GCMLS | $900,000 |
