5 N Fulton St, Mobile, AL 36607
5 N Fulton St, Mobile, AL 36607
About This Property
Prime 10-Unit Investment Property — Strong Cash Flow & Upside Potential
Located in Midtown — Minutes from Downtown
Purchase Price: $1,100,000
Open to Creative Financing Strategies
This 10-unit, fully occupied multifamily property presents an excellent investment opportunity with immediate rental income and significant upside potential.
The property consists of 1 triplex, 3 duplexes, and 1 single apartment, offering a diverse unit mix and strong rental demand.
Key Investment Highlights
* 10 total units — fully occupied
* $1,100,000 purchase price
* Projected rental income of approximately $9,000/month once all units are operating at their full potential
* Below-market rents, creating significant opportunity to increase rental income
* Value-add potential through strategic improvements and updated property management
* Room to raise rents as leases turn over
* Well-maintained property
* On-site handyman available to handle day-to-day maintenance needs
* Tenants pay all utilities
* Minimal ongoing expenses — landscaping is the primary owner expense and is mainly required during the spring and summer months
* Located in a high-demand Midtown area, minutes from downtown, shopping, restaurants, and public transportation
* Strong rental demand with a history of attracting stable, long-term tenants
* Easy-to-rent units with consistent tenant demand
* Open to creative strategies for the right buyer
This property offers the combination of existing cash flow, below-market rents, and future income growth, making it an attractive opportunity for an investor looking to build or expand a multifamily portfolio.
SERIOUS INQUIRIES ONLY.
Contact for additional details, financial information, and to discuss the property and potential deal structures.
Features & Amenities
Interior Features
- Asphalt
- Forced air
- Garage - Attached
- Gas
- Laminate
- Other
- Tile Flooring
- Wood
Property Owner
Property Owner
Property Owner