Explore the best cash flow opportunity in Historic Mobile! Owner indicates this property generates $150,000 net income annually and has approximately 90% occupancy. 42 units of simply furnished single room boarding, efficiency apartments and apartment homes, easily housed in 5 adjacent buildings that share parking & fire/sprinklers. Central bathrooms accommodate boarding rooms on each floor, and efficiency and apartments offer private baths. Long term tenants in many rooms/apartments. Don't miss out on this opportunity to capitalize on this strong ROI!
Sold for $373,695
$373,695
263 S Broad St, Mobile, AL 36603
0beds
0baths
5,149sqft
Apartment
Built in ----
-- sqft lot
$-- Zestimate®
$73/sqft
$1,018 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,018/mo
Zestimate® history
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Owner options
Explore your selling options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
- Bathrooms: 0
Heating
- Other
Appliances
- Included: Refrigerator
Features
- Flooring: Hardwood, Linoleum / Vinyl
Interior area
- Total interior livable area: 5,149 sqft
Property
Features
- Exterior features: Wood, Brick, Cement / Concrete
Lot
- Size: 0.48 Acres
Details
- Parcel number: R022906390003172001
Construction
Type & style
- Home type: Apartment
Materials
- Wood
- Roof: Composition
Community & neighborhood
Location
- Region: Mobile
Other
Other facts
- dining_rooms: 0
- living_rooms: 0
- fireplaces: 0
Price history
| Date | Event | Price |
|---|---|---|
| 4/20/2023 | Sold | $373,695-32.1%$73/sqft |
Source: Public Record Report a problem | ||
| 5/30/2017 | Listing removed | $550,000$107/sqft |
Source: Mobile #541410 Report a problem | ||
| 1/27/2017 | Listed for sale | $550,000+107.5%$107/sqft |
Source: KELLER WILLIAMS REALTY MOBILE #541410 Report a problem | ||
| 11/16/2016 | Listing removed | $265,000$51/sqft |
Source: BETTER HOMES AND GARDENS REAL ESTATE GENERATIONS #533018 Report a problem | ||
| 5/14/2016 | Listed for sale | $265,000+76.7%$51/sqft |
Source: Better Homes and Gardens Real Estate Generations #533018 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,010 +8.1% | $47,400 +8.1% |
| 2023 | $2,784 | $43,840 |
| 2022 | $2,784 | $43,840 |
Find assessor info on the county website
Neighborhood: Texas Street
Nearby schools
GreatSchools rating
- 7/10Erwin Craighead Elementary SchoolGrades: PK-5Distance: 1.4 mi
- 4/10Calloway Smith Middle SchoolGrades: 6-8Distance: 1.1 mi
- 4/10Murphy High SchoolGrades: 9-12Distance: 1.9 mi
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.