2664 Murrell Ln

Mobile AL 36607

18730.8 sq. ft.

Other

Currently for sale - view listing

Overview

Turnkey 9-Unit Multifamily Investment | 100% Occupied | Midtown Mobile Welcome to 2664 Murrell Ln, Mobile, AL 36607 — a rare opportunity to acquire a fully renovated, fully occupied nine-unit apartment complex in the heart of Midtown Mobile. With an average rent of $850 per unit and 100% occupancy, this property offers immediate cash flow and long-term stability in a market where quality multifamily inventory is limited. Each unit is approximately 825 square feet and features a 2-bedroom, 1-bath layout that appeals to a broad tenant base. The property underwent major capital improvements in 2020, including a new roof, updated electrical, plumbing, and HVAC systems, significantly reducing near-term maintenance and capital expenditure concerns. The complex is constructed of solid brick, providing durability, low maintenance, and strong curb appeal. All units are all-electric, and the property is situated in a quiet, established area while remaining conveniently close to Midtown restaurants, shopping, hospitals, libraries, grocery stores, public transportation, and interstate access—a highly desirable location for tenants.

Features

9 carspaces

18730.8 sq. ft. lot size

Other

Happy sellers in Mobile

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.