Four-Unit Residential Income
For Sale
$325,000
8135 State Street, Citronelle, AL 36522
Fully occupied four-unit property with separately metered electricity and month-to-month leases for flexible income management.
Property SizeContact for details
Lot Size1.50 Acres
Days on Market70
Property Features for 8135 State Street
General Information
Standard status
Active
Lot size
1.50 Acres
Property subtype
Multi Family
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$2,056
Building Details
Year Built
1984
Listing Agency:
Keller Williams Mobile
(251) 232-3090
Listed By:
Marcile Sims
(251) 232-3090
Source:
Exitrealty
Added: Jun 3
Changed: Aug 7
Last Checked: Aug 10 at 5:41AM
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
Investment Insights
Based on property information with market context.
This four-unit residential income property includes four separate units, each with two bedrooms, one bathroom, a kitchen, a living room, and a laundry room. Units are separately metered for electricity, with tenants paying their own electric, while water is shared. The property is currently fully occupied and all leases are month-to-month, providing flexibility for the next owner.
The building sits on approximately 1.5 acres and offers ample parking in both the front and rear, along with covered porches on both sides. According to the seller, the property is conveniently located within walking distance to medical facilities, restaurants, banks, shopping, and other everyday amenities. The remarks also note additional potential income sources related to a large roadside sign and parking during local high school football games.
For investors or buyers seeking a turn-key, occupied small multifamily with practical operational structure, the separately metered electric setup and month-to-month tenancy terms are key considerations. Current reported rents are $650/month for two units and $550/month for two units. Showings are by appointment only and subject to tenant approval; please do not disturb tenants.
The building sits on approximately 1.5 acres and offers ample parking in both the front and rear, along with covered porches on both sides. According to the seller, the property is conveniently located within walking distance to medical facilities, restaurants, banks, shopping, and other everyday amenities. The remarks also note additional potential income sources related to a large roadside sign and parking during local high school football games.
For investors or buyers seeking a turn-key, occupied small multifamily with practical operational structure, the separately metered electric setup and month-to-month tenancy terms are key considerations. Current reported rents are $650/month for two units and $550/month for two units. Showings are by appointment only and subject to tenant approval; please do not disturb tenants.
Key Highlights
- Fully occupied 4‑unit investment property built in 1984 with immediate income from day one
- Each unit includes 2 bedrooms, 1 bathroom, a kitchen, living room, and laundry room
- Units are separately metered for electricity; tenants pay electric while water is shared
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
3
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied four-unit property with separately metered electricity and month-to-month leases for flexible income management.
Where is this quadplex located?
The property is located at 8135 State Street Citronelle, AL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Fully occupied 4‑unit investment property built in 1984 with immediate income from day one; Each unit includes 2 bedrooms, 1 bathroom, a kitchen, living room, and laundry room; Units are separately metered for electricity; tenants pay electric while water is shared
