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About This Home
This 0-bedroom, 0-bathroom residential multi family at 266 Rickarby Street in Mobile, AL is listed for $600,000. on a 0.34 acres lot.
Investor Alert!! Great investment opportunity in a convenient Midtown location! 266 Rickarby Street includes two separate 3-unit apartment buildings located at 264 and 266 Rickarby Street, situated just south of Government Street with easy access to major thoroughfares.
The property features six fully occupied units, providing immediate rental income. The unit mix includes four 2-bedroom, 1-bath apartments and two 1-bedroom, 1-bath apartments. Each unit offers hardwood floors and window HVAC units for heating and cooling.
The property is serviced by gas, electricity, city water, and city sewer. All apartments are currently leased, with rents ranging from $500 to $800 per month, and one unit participating in the Section 8 program. Located just off Government Street and close to the Loop, the property offers easy access to shopping, dining, and major routes throughout the city, and is just minutes from downtown Mobile.
With two buildings, six fully leased units, and a strong rental location, this property presents a fantastic opportunity for investors seeking a stable, income-producing asset.
Key Features
- 0.34 acre lot
- 2 stories
- 6 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$3,209/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
266 Rickarby Street
Mobile, AL 36606
Muth's
Property Details
Flooring
Construction
Views
Parking
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 266 Rickarby Street is listed at $600,000. The estimated monthly payment is $2,600 based on 20% down at 6.5% interest.
Key features include: 0.34 acre lot, 2 stories, 6 parking spaces.
This property is listed by Melissa Morrissette and can be reached at 2517094736 or mmorrissette@llbb.com.