Newer Duplex Near
6056 Sussex Drive Mobile, AL 36608
6056 Sussex Drive, Mobile, AL, 36608
$500,000
Pending
For Sale
$500,000
Pending
Well-maintained duplex with income potential near the University.
Property Size4,112 SF
Days on Market102
Property Features for 6056 Sussex Drive
General Information
- Standard status
- Pending
- Size
- 4,112 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2018
Listing Agency
Bellator Real Estate LLC Mobil
(251) 786-4673
Listed by
Rameh Khazen · License #93507
(251) 786-4673
Source
Exitrealty
Added: Apr 8 Checked: Jul 17 at 5:02 am
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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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.
