3461 Gracie Ln Mobile, AL 36619
This exceptional multifamily investment opportunity presents a beautifully updated 4-bedroom, 2.5-bathroom home situated on a spacious 1.8-acre lot in a desirable West Mobile location. The single-level layout boasts an open-concept kitchen and dining area featuring white solid wood cabinets, quartz countertops, updated appliances, and a walk-in pantry. The oversized family room, with 9.5-foot ceilings, provides ample space for relaxation or entertainment. The primary suite includes a private half-bath, while a 14x11 bonus room with a full bath offers versatile guest or in-law suite potential. The expansive lot is perfect for outdoor activities, complemented by mature fruit trees. Recent upgrades include a new roof (2018), updated HVAC (2019), a new water heater (2024), a remodeled laundry room, and new blown-in insulation (2023). Additional features include an attached one-car garage, a detached shed, updated electrical, and raised garden beds. The property offers approximately 2,900 square feet of living space and is listed at $299,349, with offers between $299,000 and $349,000 being considered. The property is located in a highly-rated school district, providing both comfort and practicality. All information should be verified by the buyer during due diligence.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.