304 Michigan Ave, Mobile, AL 36604

Commercial property for lease

• Description
• This listing consists of 3 adjacent income producing properties, located at 304 and 302 Michigan Avenue in the Historic Leinkauf District. This property has a newly installed sprinkler system and is very well maintained. These multi-unit properties consist of 9 apartments in Main House (304 Michigan) with a one bedroom, 1 bath apartment behind, and a 3 bedroom single family home at 302 Michigan. The 10 rented units are producing $ 650 each per month and the three bedroom unit at (302 Michigan) is rented for $ 650 per month. Some of the current tenants have been on the property for as much as 5 years. These properties have an annual income of $ 72,000, with a Net Income of $ 58,000. The properties are well maintained and conveniently located near schools, fast food restaurants and in a quiet neighborhood. The Seller is retiring and is offering all of his 13 income producing properties for sale, consisting of single family and multi-family units, that can be purchased individually or as a package of all 13 properties. For more information, contact the listing agent. Building price details: $245,000.
• Exterior Features

• Parking Type:

  Other

• Contact info
• Donnie Parden

  EXIT Realty Lyon - Mobile
• Note

• Details Info about this row that located on 304 Michigan Ave, Mobile, AL 36604 was got from trusty sources, but HousesForSaleList.com can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

  If you see any error or mismatches on this page – click here.