Fully Leased Quadruplex on
8135 E State St, Citronelle, AL 36522
For Sale
Contact for pricing
Investment opportunity: fully leased quadruplex on over 1.5 acres.
Property Size3,000 SF
Lot Size1.50 Acres
Price / SF$109.82
Days on Market240
Property Features for 8135 E State St
General Information
Standard status
Size
Class
Lot size
Property subtype
Zoning
Occupancy
Investment Type
Net Operating Income
Building Details
Year Built
Buildings
Stories
Units
Listing Agency:
Keller Williams Mobile
Listed By:
Amber Busby · License AL #173189
(251) 259-6617
Source:
Crexi
Added: Mar 19
Changed: Aug 8
Last Checked: Aug 8 at 3:17PM
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 Keller Williams Mobile
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is an investment property featuring a fully leased quadruplex situated on a plot exceeding 1.5 acres. The property is classified as a multifamily residential income property. The building size is approximately 3000 square feet.
Key Highlights
- Fully leased quadruplex providing immediate rental income.
- Large lot size of over 1.5 acres.
- Investment property opportunity.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,740
Cap Rate
7.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,800
$494.8K
Cap Rate 7%
$353,429
$353.4K
Cap Rate 9%
$274,889
$274.9K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$37.8K $12.60/SF
− Vacancy
−$2.5K −$0.82/SF
EGI
$35.3K $11.78/SF
− OpEx
−$10.6K −$3.53/SF
NOI
$24.7K $8.25/SF
Area
Mobile County, AL
Vacancy
6.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,800
Cap Rate 7%
$353,429
Cap Rate 9%
$274,889
Alternative Uses
Best Use
Multifamily LT 5
$353.4K
$309.3K – $412.3K
NOI $24,740 @ 7.0% cap · market cap 7.51%
Second Best
Apartment 5plus
$328.8K
$287.7K – $383.6K
NOI $23,015 @ 7.0% cap · market cap 6.99%
Theoretical Best
Office A
$739.1K
$646.8K – $862.3K
NOI $51,740 @ 7.0% cap · market cap 15.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
232
Businesses Nearby
Explore this area
Business Placement
Demographics for 36522, AL
7,396
Population
3,039
Households
2.4
Avg Household Size
39
Median Age
8%
College-Educated
88%
High-School Grad
233.1 sq mi
ZIP Area
32
Density / Sq Mi
$48,961
Median Household Income
$36,765
Median Earnings
$732
Median Rent
$151,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Investment opportunity: fully leased quadruplex on over 1.5 acres.
Where is this quadplex located?
The property is located at 8135 E State St Citronelle, AL.
What is the asking price?
The asking price for this property is $329,449.
What are key features of this property?
This property features: Fully leased quadruplex providing immediate rental income.; Large lot size of over 1.5 acres.; Investment property opportunity.
