Bought with Christy Gustin • Bellator RE & Development Mob
$378,000
$399,000
5.3%For more information regarding the value of a property, please contact us for a free consultation.
8,385 Sqft Lot
SOLD DATE : 07/05/2023
Key Details
Sold Price $378,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Weston Place
MLS Listing ID 7202455
Sold Date 07/05/23
Year Built 1919
Annual Tax Amount $2,369
Tax Year 2369
Lot Size 8,385 Sqft
Property Description
Great opportunity to have tenants help pay your mortgage! Or perfect for Airbnb or traveling nurse options. Lovely old circa 1919 Midtown Historic District home has the potential to have at least 6 bedrooms, 4 full bathrooms if returned back to single family. There are a total of 4 apartments and all are currently rented on a month to month basis. Great location near Publix, Taco Mama (0.9 miles), Nixon's and The Dew Drop (0.7 miles), and Soul Caffeine coffeehouse (0.6 miles). 2.6 miles to Bel Air Mall and 2.2 miles to Downtown Mobile. Sellers have replaced roof in 2022, rewired completely apartment 4, painted the exterior in 2021, Back stairs and dormer in 2023, fresh wall paint in all apartments, foundation work was done by Williams Foundation in 2021, as well as visqueen thick moisture barrier on the ground under the house, and also tore down a poorly-built back building. Hard to get repair termite bond with Havard can be transferred! Apartments feature 3 new fridges and 4 new stoves. Originally, this home was built for the treasurer of the Whitney-Bodden Shipping Company. Interior staircase is still intact and it once over-looked 3 large entertaining rooms with Arts and Crafts style mantles. There are 7 fireplace mantels throughout. It appears the front porches were enclosed in the 1940s as well as the kitchens probably originally were back porches that were all enclosed. Quiet tenants are month to month leases; they pay their own power and gas. Luxury vinyl plank flooring was put down in the kitchens and 1 bathroom. The other 3 bathrooms feature original white octagonal tile. Beautiful hardwoods throughout elsewhere. First floor (2,300 square feet) : Apartment 1 is the largest and will rent for $850 a month. It features 2 bedrooms and a washer/dryer. When the house was made into apartments in the 1940s, the owner lived in this one. Apartment 2 has 1 bedroom, a curved built in original seating area and wide plaster crown molding all still intact; it rents for $750. 2nd Floor ( 2,200 square feet) : Apartment 4 (1 bedroom with a bonus room) rents for $750 per month; it was completely rewired and the kitchen/bathroom was replumbed and updated. It features two Colonial Revival fireplaces. This apartment is furnished and will convey to new owners. Apartment 3 (1 bedroom) features two similar fireplaces as well as a curved built in seating like Apartment 2 below. It rents for $610 a month with potential to be higher. Seller is a licensed real estate agent with Bellator Real Estate and Development Mobile and in the state of Alabama. Must show proof of funds or lender letter to view, listing agent must be present as well, and 48 hours notice due to tenant rules MUST be given before showing. Seller is related to the listing agent; listing agent is one of the owners. No sign out front. All measurements are approximate and not guaranteed, buyer to verify.
Location
State AL
County Mobile - Al
Direction From downtown Dauphin Street, head WEST. Just past Carlen Street light, house is on the LEFT. It is the second house on the left after South Street. Driveway is on the righthand side of the house. Easiest to park behind the house.
Interior
Heating Natural Gas
Cooling Window Unit(s), Zoned
Flooring Ceramic Tile, Hardwood, Other
Exterior
Fence None
Community Features None
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
Waterfront false
Waterfront Description None
View Y/N true
View City
Roof Type Shingle
Parking Type Level Driveway
Total Parking Spaces 5
Building
Lot Description Level
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
Elementary Schools Leinkauf
Middle Schools Booker T Washington
High Schools Murphy
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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