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Map
$263,926*
●
Commercial -
Off Market
261 BROAD STREET S
MOBILE, AL 36603
Studio
0 Bath
2944 Sqft
$162,000 - $198,000
Reference Base Price*
46.63%
Since Sep 1, 2019
National-US
Primary Model
About This Property
261 S Broad Street is a multi-unit property consisting of 9
one-bedroom apartments, each producing $ 650 per month. This
property has a newly installed sprinkler system and is very well
maintained. This one property produces an annual income of $ 78,000
with a net of $ 61,000 annually. This property has many long-term
tenants, some who have been at the property for over 2 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 259 and 263 S Broad Street. The Seller is
retiring and is offering his 3 income producing properties for
sale.
The manager has listed the unit size as 2944 square feet.
The manager has listed the unit size as 2944 square feet.
Unit Size
2,944Ft²
Days on Market
-
Land Size
-
Price per sqft
$61
Property Type
Commercial
Property Taxes
-
HOA Dues
-
Year Built
1982
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 27, 2023 | Sold to Madelyn Lindsey Collum, Ric... | $575,000 | |
| Sold to Madelyn Lindsey Collum, Ric... | |||
| Aug 9, 2019 | No longer available | - | |
| No longer available | |||
| May 17, 2019 | Listed | $180,000 | |
| Listed | |||
Property Highlights
261 BROAD STREET S
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
05/17/2019
|
|
Studio
|
-
|
2944 ft²
|
$180,000
Studio
-
2944 ft²
|
-
-
|
-
|
-
|
Building Info
