2000 Airport Blvd Mobile, AL 36606 | Other | Multi-Family

$285,000

Active
Map
Save to Collection
0
1636 sqft.
Listing Courtesy of

Ron Wallace

Description

"This is a great property located on Airport Blvd with 100 Feet road frontage. The property is in the area of Mobile AL known as ""The Loop"". The property includes two parcels of land. The property fronting Airport Blvd was formerly occupied by Fuji San Sushi Bar & Steak House. The restaurant is gone and most all the restaurant equipment has been removed. The large vent hood remains in the back room of the building. The property to the right rear of the former restaurant is a two story building with 1 apartment on each floor. Both apartments are occupied with long term tenants currently paying $550 per month each. The tenants are month to month for both rental apartment units. The former restaurant building consists of 1600 sq ft and can be easily divided to development two 800 sq ft apartments. With renovations and upgrades I believe the 4 apartments could rent for a minimum of $800 +/-. monthly. Creating for an investor a monthly income of $3200 +/- per month.Of course the other option is to remove the buildings and then construct a new facility fitting the new owners needs. The dirt is worth the money.The Apartment Building sits to the right rear side of the former restaurant and the Tax ID and Legal Description for this property isTax ID 29-10-21-3-000-052.Legal Description:COMG AT SW COR OF LOT 12 BLK 4 WESTERN ANNEX ACC TO PLAT OF SAID SUB DBK 111 N.S. P 2RUN TH N ALG W/L OF SAID LOT12 DIS OF 81 FT(S) TO THE POB TH CONT N 45 FT(S) TH RUN ELY &PAR WITH S/ L OF MYRTLE AVE DIS OF 50 FT TO A PT ON E/L OFLOT 12 TH RUN S ALG E/L OF LOT12 DIS OF 45 FT(S) TH RUN WLY 50 FT TO THE POB #SEC 21 T4S R1W #MP29 10 21 3 000"

Property Details

Property Type Multi-Family Status Active CMLS ID# 30711992

structure

Total Baths 0 construction materials Wood Siding cooling Other exterior features The former Restaurant building is wood construction with painted white wood siding and an asphalt shingle roof. flooring 1636 heating Electricity interior features See Photos living area 1636.0 parking features Surface Paved on Site roof Gable stories 1 stories total 1 year built 1920

characteristics

frontage type 100 Acres 0 lot size area 0.31 lot size units acres # of Buildings 2

tax

parcel number R022910213000052.001. zoning B-3

contract

listing terms Cash to Seller

compensation

Buyer Agency Comp. 2.5%
The buyer agent compensation offered only applies to participants and data share participants of the Gulf Coast CMLS.