T
Seller's Agent in 2025
Taylor Pettway
Goode Realty of Mobile LLC
5 N Fulton St Mobile, AL 36607
Midtown Mobile Neighborhood
--
Bed
--
Bath
--
Sq Ft
0.56
Acres
Highlights
- City View
- Attached Garage
- 1-Story Property
- 0.56 Acre Lot
- Restaurant
- Property is near shops
About This Home
As of June 2025We've got the magic words: Owner Finance! Calling all investors! Ready to grow your portfolio? Nestled near the heart of Downtown Mobile, this incredible opportunity features 10 fully rented units - a triplex, three duplexes, and a single apartment. Don’t miss out on this exceptional income-generating package!Currently rented below market value, this property presents a lucrative opportunity for increased revenue as leases renew. Recent updates by the seller, including electrical, plumbing and HVAC systems, provide peace of mind for investors looking for a turnkey opportunity. This property’s prime location is a significant draw for tenants and investors alike. Residents enjoy easy access to thriving dining scenes, entertainment venues, and the historic charm of the Oakleigh Historic District. The property is also close to Ladd-Peebles Stadium, Bel Air Mall, and the famous Mobile Mardi Gras parade routes. For those seeking outdoor activities, Bienville Square and the Mobile Bay waterfront are just a short drive away. Additionally, the property is well-connected to major roadways, including I-65 and I-10, making it a convenient choice for commuters.Tenants pay all utilities except for landscaping, keeping operating expenses low and maximizing returns. Whether you're a seasoned investor or looking to expand your portfolio, this cash-flowing asset in one of Mobile's most popular areas is a rare find. Don’t miss out—schedule your showing today and capitalize on this growth opportunity!Proof of funds must be submitted prior to showings. Buyer and Buyer's Agent to verify all information.
Last Agent to Sell the Property
Goode Realty of Mobile LLC License #117899-1 Listed on: 01/16/2025
Last Buyer's Agent
Goode Realty of Mobile LLC License #117899-1 Listed on: 01/16/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,843
Year Built
- Built in 1986 | Remodeled
Lot Details
- 0.56 Acre Lot
- Lot Dimensions are 255x122x145x59x107x63
- Level Lot
Home Design
- Frame Construction
- Wood Siding
Interior Spaces
- 1-Story Property
- Ceiling Fan
- City Views
Parking
- Attached Garage
- Carport
Location
- Property is near shops
Schools
- Florence Howard Elementary School
- Booker T Washington Middle School
- Murphy High School
Utilities
- Ductless Heating Or Cooling System
- Window Unit Cooling System
- Forced Air Heating System
- Heating System Uses Natural Gas
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 2907240003059
Community Details
Overview
- 10 Units
- Park Place Subdivision
Amenities
- Restaurant
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 16, 2025
Closed on
Jun 3, 2025
Sold by
Still Waters Housing Llc
Bought by
Flex Properties Llc
Seller's Agent
Taylor Pettway
Goode Realty of Mobile LLC
Buyer's Agent
Taylor Pettway
Goode Realty of Mobile LLC
List Price
$900,000
Sold Price
$900,000
Views
73
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-17.69%
Purchase Details
Closed on
Oct 22, 2021
Sold by
Triple-Play Real Estateinvestments Llc
Bought by
Still Waters Housing Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$391,000
Interest Rate
3.01%
Mortgage Type
Construction
Purchase Details
Closed on
Jun 26, 2019
Sold by
Levine Susan
Bought by
Triple Play Real Estath Investments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,756
Interest Rate
4%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Jun 13, 2019
Sold by
Levine Susan
Bought by
Levine Susan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,756
Interest Rate
4%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Apr 24, 2019
Sold by
Abrams Eileen L and Couick Abby
Bought by
Levine Susan
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $900,000 | Delta South Title Inc | |
| Warranty Deed | $320,000 | None Listed On Document | |
| Warranty Deed | $305,000 | None Available | |
| Deed Of Distribution | -- | None Available | |
| Deed | $81,250 | Stewart Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $391,000 | Construction | |
| Previous Owner | $246,756 | Future Advance Clause Open End Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/09/2025 06/09/25 | Sold | $900,000 | 0.0% | -- |
| 03/25/2025 03/25/25 | Pending | -- | -- | -- |
| 01/16/2025 01/16/25 | For Sale | $900,000 | -- | -- |
Source: Gulf Coast MLS (Mobile Area Association of REALTORS®)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $3,964 | $60,520 | $10,500 | $50,020 |
| 2023 | $3,964 | $65,180 | $9,700 | $55,480 |
| 2022 | $4,101 | $64,420 | $7,040 | $57,380 |
| 2021 | $4,091 | $64,420 | $7,040 | $57,380 |
| 2020 | $4,091 | $64,420 | $7,040 | $57,380 |
| 2019 | $4,012 | $63,180 | $6,060 | $57,120 |
| 2018 | $4,012 | $63,180 | $0 | $0 |
| 2017 | $3,971 | $62,540 | $0 | $0 |
| 2016 | $4,030 | $63,460 | $0 | $0 |
| 2013 | $4,718 | $71,360 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
-
G
Seller Co-Listing Agent in 2025
Ginny Byrd
Goode Realty of Mobile LLC
Map
Source: Gulf Coast MLS (Mobile Area Association of REALTORS®)
MLS Number: 7510480
APN: 29-07-24-0-003-059
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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