512 Williams St Mobile, AL 36606
Rickarby Neighborhood
--
Bed
--
Bath
982
Sq Ft
0.26
Acres
Highlights
- Wood Flooring
- Central Heating and Cooling System
- Level Lot
- 1-Story Property
- 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 Mobile License #93507 Listed on: 04/02/2025
Last Buyer's Agent
Bellator Real Estate LLC Mobile License #93507 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 76x150x77x150
- Level Lot
Home Design
- Triplex
- Composition Roof
- Asbestos
Interior Spaces
- 1-Story Property
- Furniture Can Be Negotiated
- Wood Flooring
Parking
- 3 Parking Spaces
- On-Street Parking
Schools
- Leinkauf Elementary School
- Lillie B Williamson Middle School
- Lillie B Williamson High School
Utilities
- Central Heating and Cooling System
Community Details
- 3 Units
- Bon Air Estates Subdivision
Listing and Financial Details
- Legal Lot and Block 38 / 38
- Assessor Parcel Number 2910282002069
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 2, 2025
Closed on
Jul 23, 2025
Sold by
Yellowstone Rental Properties Llc
Bought by
512 Williams St Llc
Seller's Agent
Rameh Khazen
Bellator Real Estate LLC Mobile
Buyer's Agent
Rameh Khazen
Bellator Real Estate LLC Mobile
List Price
$195,000
Sold Price
$177,500
Premium/Discount to List
-$17,500
-8.97%
Views
118
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
130.42%
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
16.36%
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 Home 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 | $177,500 | Delta South Title Inc | |
| 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: 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 | $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
-
Rameh Khazen
Seller's Agent in 2025
Rameh Khazen
Bellator Real Estate LLC Mobile
(251) 786-4673
7 in this area
330 Total Sales
-
The Rent Experts
T
Seller's Agent in 2025
The Rent Experts
The Rent Experts INC
(251) 299-2100
-
Doug Walley
Seller Co-Listing Agent in 2025
Doug Walley
The Rent Experts INC
(251) 895-4273
-
Julie Brannon
Seller's Agent in 2020
Julie Brannon
Roberts Brothers West
(251) 680-1281
2 in this area
41 Total Sales
-
Melvin Hitchens
M
Buyer's Agent in 2020
Melvin Hitchens
Cory Bronenkamp, Broker
(317) 258-0721
2 in this area
54 Total Sales
-
T
Seller's Agent in 2016
Tonya Wilson
Berkshire Hathaway Cooper & Co
Map
Source: Gulf Coast MLS (Mobile Area Association of REALTORS®)
MLS Number: 7554151
APN: 29-10-28-2-002-069
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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