Newer Duplex Near
6056 Sussex Drive, Mobile, AL 36608
Well-maintained duplex with income potential near the University.
Type:Multi Family
Property size:
4,112 SFPrice / SF:
$121/SF- Added:
- Apr 8, 2026
- Days on Market:
- 56
- Last Refresh:
- Apr 8 at 8:02 pm
Property Features for 6056 Sussex Drive
General Information
- Standard status
- Active
- Size
- 4,112 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2018
Listing agent Rameh Khazen License #93507 (251) 786-4673
Listing office Bellator Real Estate LLC Mobil (251) 786-4673
Listing date Apr 8, 2026
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Bellator Real Estate LLC Mobil
HighLights
- Excellent income potential, units rent for approximately $2,200 per month.
- Newer construction (built in 2018) with durable brick exterior for low maintenance.
- Prime location within biking/scooter distance to the University of South Alabama.
- Suitable for owner‑occupants or investors seeking a strong rental asset.
- Right‑side unit occupied by a long‑term tenant, providing immediate rental income stability.
- Desirable street with underground utilities, sidewalks, and well‑maintained homes.
Overview
This newly constructed duplex is located within proximity to the University of South Alabama. It features a brick exterior and is suitable for either an owner occupant looking to generate income or an investor seeking a rental property. The property has a rental history and offers low maintenance. The kitchen includes an island with stone countertops, and tankless water heaters are installed. Each unit currently rents for approximately $2,200 per month. One unit is occupied by a long-term tenant. The property is situated on a street featuring underground utilities, sidewalks, and well-maintained homes. The property size is 4112 square feet.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.7k | $13.80 |
| − Vacancy | −$4.3k | −$1.04 |
| EGI | $52.5k | $12.77 |
| − OpEx | −$15.7k | −$3.83 |
| NOI | $36.7k | $8.94 |
4,112 SF · lease $13.80/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$524.9K
$459.3K – $612.4K
NOI $36,743 @ 7.0% cap · market cap 7.35%
Second Best
Apartment 5plus
$486.8K
$425.9K – $567.9K
NOI $34,073 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$1.05M
$914.5K – $1.22M
NOI $73,159 @ 7.0% cap · market cap 14.63%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Mobile
- County
- Mobile
- State
- Alabama
- Longitude
- -88.1815804
- Latitude
- 30.6856733
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-maintained duplex with income potential near the University.
Where is this duplex located?
The property is located at 6056 Sussex Drive Mobile, AL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Excellent income potential, units rent for approximately $2,200 per month.; Newer construction (built in 2018) with durable brick exterior for low maintenance.; Prime location within biking/scooter distance to the University of South Alabama.
