1070 Leroy Stevens Rd Mobile, AL 36695
- Residential income homes
- 5,017 SF
- 0.47 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 1070 Leroy Stevens Rd
- Year built
- 1988
- Lot size
- 0.47 lot acres
- Property size
- 5,017 SF
- Property type
- Residential income homes
- APN
- 2707253000012015
Description
This exceptional investment opportunity presents a fully renovated, five-unit multifamily property in Mobile, Alabama, comprising two buildings situated on adjacent parcels totaling 0.92 acres. The property consists of a triplex (1070 Leroy Stevens Rd, Parcel No. 2707253000012015) and a duplex (1090 Leroy Stevens Rd, Parcel No. 2707253000012007). The triplex features three units, each with two bedrooms and two full bathrooms, while the duplex offers two units, each with one bedroom and one full bathroom. All units have undergone renovations between 2015 and 2024. The property boasts a total of 5,017 square feet and offers eight parking spaces, including a driveway, level driveway, parking lot, and paved areas with uncovered spaces. The buildings are one-story structures with a fenced backyard offering rural views. Currently, the property enjoys 90% occupancy, generating multiple rental incomes, including a separate income stream from an advertising-sign lease. Detailed unit-specific information, including current rental rates (ranging from $1200 to $1680 per month, with some units furnished and utilities included), is available upon request. This turnkey investment offers significant potential for strong returns. The asking price is $950,000, representing $190,000 per unit and $189.36 per square foot.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mobile
- County
- Mobile
- State
- Alabama
- Longitude
- -88.236324335647
- Latitude
- 30.667937435673
