512 Williams St Mobile, AL 36606
Rickarby Neighborhood
3
Beds
1
Bath
982
Sq Ft
0.26
Acres
Highlights
- Wood Flooring
- Breakfast Room
- Patio
- No HOA
- Front Porch
- Asbestos
About This Home
As of July 2025This income-generating gem features three rental units and delivers $2,195 in total monthly income from day one. The front house is a charming single-family home with recently refinished hardwood floors, neutral tones, and rent-ready condition—currently marketed at $1,095/month. Behind it, a fully occupied duplex provides steady rental income. One unit is leased at $595/month, while the other, occupied by a long-term tenant, is rented below market value at $500/month, offering potential for future rent increases.With long-term annual leases in place and professional management handling the details, this property is a hassle-free investment. Whether you're looking to expand your portfolio or secure your first rental property, this cash-flowing asset is a smart choice. Call or text today for more details!All measurements are approximate and not guaranteed, buyer to verify. Buyer to verify all information during due diligence.
Last Agent to Sell the Property
Bellator Real Estate LLC Mobil Brokerage Phone: 251-786-4673 Listed on: 04/02/2025
Last Buyer's Agent
Bellator Real Estate LLC Mobil Brokerage Phone: 251-786-4673 Listed on: 04/02/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,126
Year Built
- Built in 1943
Lot Details
- 0.26 Acre Lot
- Lot Dimensions are 76 x 150 x 77 x 150
Parking
- 3 Parking Spaces
Home Design
- Pillar, Post or Pier Foundation
- Wood Frame Construction
- Composition Roof
- Asbestos
- Lead Paint Disclosure
Interior Spaces
- 982 Sq Ft Home
- 1-Story Property
- Furnished or left unfurnished upon request
- Breakfast Room
- Wood Flooring
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Outdoor Features
- Patio
- Front Porch
Schools
- Leinkauf Elementary School
- Lillie B Williamson Middle School
- Lillie B Williamson High School
Utilities
- Heating Available
Listing and Financial Details
- Legal Lot and Block 38 / 38
- Assessor Parcel Number 2910282002069.
Community Details
Overview
- No Home Owners Association
Pet Policy
- Limit on the number of pets
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 17, 2023
Sold by
Bright Kevin
Bought by
Yellowswne Rental Properties Llc
Purchase Details
Closed on
Aug 1, 2022
Sold by
Rain-Wood Properties Llc
Bought by
Holman Vincent Lewis and Holman Courtney
Purchase Details
Listed on
Mar 6, 2020
Closed on
May 7, 2020
Sold by
Day Angela Marie
Bought by
Bright Kevin
Seller's Agent
Julie Brannon
Roberts Brothers West
Buyer's Agent
Melvin Hitchens
Cory Bronenkamp, Broker
Sold Price
$85,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.63%
Original Mortgage
$63,750
Interest Rate
3.3%
Mortgage Type
New Conventional
Purchase Details
Listed on
Feb 11, 2016
Closed on
May 31, 2016
Sold by
Skipper Enterprises Llc
Bought by
Day Angela Marie
Seller's Agent
Tonya Wilson
Berkshire Hathaway Cooper & Co
Buyer's Agent
Julie Brannon
Roberts Brothers West
Sold Price
$66,500
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.43%
Original Mortgage
$65,295
Interest Rate
3.66%
Mortgage Type
FHA
Purchase Details
Closed on
Jan 31, 2006
Sold by
Braswell Properties Llc
Bought by
Skipper Enterprises Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,720
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 26, 2001
Sold by
Lamb Raymond Work and Lamb Donna Renee
Bought by
Braswell Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
7.23%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Mobile, AL
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 | $125,000 | Delta South Title | |
| Warranty Deed | $39,900 | Pipkin & Associates Llc | |
| Warranty Deed | $85,000 | Atc | |
| Warranty Deed | $66,500 | None Available | |
| Warranty Deed | -- | Slt | |
| Deed | $51,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $63,750 | New Conventional | |
| Previous Owner | $65,295 | FHA | |
| Previous Owner | $42,700 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $42,720 | Purchase Money Mortgage | |
| Previous Owner | $51,394 | Unknown | |
| Previous Owner | $55,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/25/2025 07/25/25 | Sold | $177,500 | +19732.4% | $181 / Sq Ft |
| 06/25/2025 06/25/25 | Pending | -- | -- | -- |
| 06/09/2025 06/09/25 | Rented | $895 | 0.0% | -- |
| 05/21/2025 05/21/25 | Under Contract | -- | -- | -- |
| 04/14/2025 04/14/25 | Price Changed | $895 | 0.0% | $1 / Sq Ft |
| 04/02/2025 04/02/25 | For Sale | $195,000 | 0.0% | $199 / Sq Ft |
| 03/25/2025 03/25/25 | Price Changed | $1,095 | -15.4% | $1 / Sq Ft |
| 02/28/2025 02/28/25 | For Rent | $1,295 | 0.0% | -- |
| 05/08/2020 05/08/20 | Sold | $85,000 | +27.8% | $85 / Sq Ft |
| 03/06/2020 03/06/20 | Pending | -- | -- | -- |
| 05/31/2016 05/31/16 | Sold | $66,500 | -- | $67 / Sq Ft |
| 03/17/2016 03/17/16 | Pending | -- | -- | -- |
Source: Baldwin 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 | $1,136 | $17,740 | $2,000 | $15,740 |
| 2023 | $1,087 | $17,120 | $2,000 | $15,120 |
| 2022 | $1,050 | $16,540 | $2,000 | $14,540 |
| 2021 | $1,050 | $16,540 | $2,000 | $14,540 |
| 2019 | $504 | $7,940 | $960 | $6,980 |
| 2018 | $513 | $8,080 | $0 | $0 |
| 2017 | $513 | $8,080 | $0 | $0 |
| 2016 | $528 | $8,320 | $0 | $0 |
| 2013 | $481 | $7,080 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
R
Seller's Agent in 2025
Rameh Khazen
Bellator Real Estate LLC Mobile
-
T
Seller's Agent in 2025
The Rent Experts
The Rent Experts INC
-
D
Seller Co-Listing Agent in 2025
Doug Walley
The Rent Experts INC
-
J
Seller's Agent in 2020
Julie Brannon
Roberts Brothers West
-
M
Buyer's Agent in 2020
Melvin Hitchens
Cory Bronenkamp, Broker
-
T
Seller's Agent in 2016
Tonya Wilson
Berkshire Hathaway Cooper & Co
Map
Source: Baldwin REALTORS®
MLS Number: 376974
APN: 29-10-28-2-002-069
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