$715,000

Estimated payment $3,768/month

Total Views 632
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Neighborhood Views
  • 1-Story Property
  • Central Heating and Cooling System
  • Double Pane Windows
  • Four Sided Brick Exterior Elevation
  • Ceiling Fan

About This Home

Attention Investors! Rare opportunity to acquire a fully occupied 4-property single-family rental portfolio located in Mobile and Chickasaw, Alabama. All properties are tenant-occupied with standard leases in place and strong, stable rental income totaling $6,235/month ($74,820 annually). The portfolio includes a mix of 2–4 bedroom homes ranging from approximately 1,091 to over 2,100 sq ft, each on its own parcel and thoughtfully updated. Improvements across the portfolio include full remodels, updated flooring and bathrooms, remodeled kitchens with granite countertops and stainless steel appliances, updated electrical and plumbing, new fixtures, open layouts, and washer/dryer installations. Several homes offer primary suites with en-suite baths, large backyards, off-street parking, and garage/storage options, supporting long-term tenant retention and consistent performance. Properties are situated in high-demand rental corridors with a proven history of reliable occupancy and cash flow. This offering is well-suited for DSCR financing, buy-and-hold investors, or 1031 exchange buyers seeking a stabilized portfolio with immediate income. Seller will only entertain offers for the portfolio as a whole. Portfolio MLS references:
• 117 Idlewood Dr – MLS #7692942
• 1110 Jackson Rd – MLS #7692941
• 1500 Navco Rd – MLS #7692938
• 552 Kansas St – MLS #7692937 All information is deemed reliable and accurate; buyer is responsible for researching and performing all due diligence required for a successful purchase.
Do not disturb tenants.

Listing Agent

Tori Turner

IXL Real Estate North License #149228-1 Listed on: 12/11/2025

IXL Real Estate North

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $399

Lot Details

  • 7,950 Sq Ft Lot

Home Design

  • Shingle Roof
  • Vinyl Siding
  • Four Sided Brick Exterior Elevation
  • HardiePlank Type

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Neighborhood Views
  • Carbon Monoxide Detectors

Parking

  • 2 Parking Spaces
  • Driveway

Schools

  • Maryvale Elementary School
  • Lillie B Williamson Middle School
  • Lillie B Williamson High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • 4 Units
  • Fulton Ridge Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2911324001033

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$399

Lot Details

0

Listing Details

  • Standard Status: Active
  • Property Type: Residential Income
  • MLS Status: Active
  • Property Condition: Resale
  • Levels Stories: One
  • Special Features: None
  • Property Sub Type: MultiFamily

Property Details

  • Property: Residential Income

Interior Features

  • Window Features: Double Pane Windows

Exterior Features

  • Construction Materials: Brick 4 Sides, HardiPlank Type, Vinyl Siding
  • Roof Type: Shingle
  • View: Neighborhood
  • Pool Private: No

Garage/Parking

  • Number Of Parking Spaces: 2
  • Parking Features: Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Security: Carbon Monoxide Detector(s)
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Central
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available

Condo/Co-op/Association

  • Subdivision Complex: FULTON RIDGE ESTATES

Fee Information

  • Annual Expenses: 9850

Lot Info

  • Acres: 0.1825
  • Lot Dimensions: x
  • Parcel Number: 2911324001033
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Tax Info

  • Taxes: 399.00
  • Additional Assessor Parcel Numbers: 32-02-37-0-004-151, 22-09-44-0-008-100, 22-09-44-0-014-057
  • Tax Year: 2024

Multi Family

  • Number Of Units Total: 4

MLS Schools

  • Elementary School: Maryvale
  • High School: Lillie B Williamson
  • Middle School: Lillie B Williamson

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $452 $6,960 $1,600 $5,360
2024 $452 $6,280 $1,800 $4,480
2023 $356 $5,600 $1,800 $3,800
2022 $356 $5,600 $1,800 $3,800
2021 $356 $5,600 $1,800 $3,800
2020 $356 $5,600 $1,800 $3,800
2019 $367 $5,780 $1,800 $3,980
2018 $396 $6,240 $0 $0
2017 $396 $6,240 $0 $0
2016 $398 $6,260 $0 $0
2013 $419 $6,440 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/11/2025 12/11/25 For Sale $160,000 -77.6% $188 / Sq Ft
12/11/2025 12/11/25 For Sale $715,000 +1942.9% --
03/19/2024 03/19/24 Sold $35,000 -36.4% $32 / Sq Ft View Prior Sale
02/28/2024 02/28/24 Pending -- -- --
02/22/2024 02/22/24 Price Changed $55,000 -15.4% $50 / Sq Ft
01/25/2024 01/25/24 For Sale $65,000 -- $59 / Sq Ft
Source: Gulf Coast MLS (Mobile Area Association of REALTORS®)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $35,000 None Listed On Document
Warranty Deed $28,000 --
Trustee Deed $25,740 None Listed On Document
Foreclosure Deed $14,280 None Available
Warranty Deed -- Surety Land Title Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $42,934 FHA
Source: Public Records

Source: Gulf Coast MLS (Mobile Area Association of REALTORS®)

MLS Number: 7692924

Gulf Coast MLS (Mobile Area Association of REALTORS®)

APN: 29-11-32-4-001-033