Back 166 Kenan Street
Off Market

166 Kenan Street

Mobile AL 36606

6
5
6
3913 sq. ft.
8712 sq. ft.
Single-Family
Last sold for $415,000
David HornDavid Horn, last sold this property on 21 August 2024 after 826 days on market.

Overview

Exuding elegance and sophistication, this fully occupied four-unit property is a lucrative income-producing asset located in the desirable Midtown area of Mobile, Alabama. Situated on a spacious corner lot, this exceptional multi-unit dwelling boasts over 3200 square feet of living space. The downstairs units impress with 11-foot ceilings, while the upstairs units feature 10-foot ceilings. Further adding to its charm are the original hardwood floors and fully equipped kitchens, enhancing the property's appeal. The home was gently converted into 3, 2-bedroom 2 bath apartments (approx. 1100 sq. ft. each) Unit A is a downstairs unit, it was renovated in 2023, currently occupied w/ lease end date 3/2025, leased for $1500 per month. Unit B is a 2-bedroom 1 bath upstairs apartment (approx. 1000 sq. ft.) just recently renovated in 2022, currently occupied w/ lease end date 2/2025, leased for $1100 per month, and has new washer and dryer connections. Unit C is a 2-bedroom 1 bath downstairs apartment (approx. 1000 sq. ft.) currently occupied with a lease end date of 11/2024 and leased for $1050 per month. The property also has a large 1 bedroom 1 bath garage apartment (approx. 750 sq. ft.) currently occupied w/ a lease end date of 8/2024, leasing for $850 per month, and this unit has tons of potential to be completely remodeled and generate more revenue per month. Under the garage apartment, is a large, recently cleaned out garage/storage area that has endless possibilities. This exceptional investment opportunity offers luxurious living in a serene neighborhood. With its thoughtful design and high product quality, managing and maintaining it is effortless. This gem in Midtown presents a remarkable chance for a long-term investment, acquiring a top-tier asset with great potential and future opportunities that will enrich any portfolio.

Features

6 bedrooms
5 bathrooms
6 carspaces
3913 sq. ft. floor area
8712 sq. ft. lot size
Single-Family

Estimated Value

We need at least 3 similar 6 bedroom single-family properties sold in Mobile over the last 12 months.

Property history for 166 Kenan Street

2024
Sold
$415,000
21 Aug 2024 by David Horn, of Bellator Eastern Shore

Happy sellers in Mobile

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We have insufficient information to provide an overview of customer satisfaction for Mobile. Viewing the agent profiles, reviews and sales for Mobile can provide insights for this location.

Local market activity for 6 bedroom single-family properties in Mobile

In the last 12 months, 1 six-bedroom single-family similar to 166 Kenan Street, have been sold.

This represents a 50% increase in six-bedroom single-family properties sales when compared to the previous 12 months.

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