57 N Ann St #1-4, Mobile, AL 36604

Back on Market Following Release of Sale - Gorgeously updated FOURPLEX located only 3 minutes from downtown, great Midtown Vibes, close to everything! ALL UNITS have been fully renovated!! Beautiful Chandeliers, Pocket Doors, Newly Refinished Hardwood Floors, Updated Kitchens (New Cabinets, Countertops, Vinyl Plank Flooring, and Appliances), updated bathrooms and laundry rooms, complete with front porch ambiance in elegant historic district. Designated graveled parking areas in rear. Almost all the hard work has been done for you, property ready to continue cash flowing! Current cash flowing property @ 74% Occupancy - Units 2-4 currently rented; Unit 1 currently vacant in need of sheetrock repair, some touch up paint to become rent ready. This quadplex offers an investor or owner/user the opportunity to own the building where - not just one - but THREE to FOUR tenants could pay for Principal, Interest, Taxes and Insurance on property. Property also offers AirBnB opportunities. ***Annual Income based on 3 Units rented is @ $31,920. **GROSS POTENTIAL INCOME @ 100% Occupancy is calculated to be $45,120 which well exceeds 1% rule for investment.*** **Discounted Listing Price reflects Seller's Motivation! Price of home reflects a discounted base pricing, based on local comparables/price per sq ft estimates - taking into account necessary repairs to be fully turn key ready in all units. Seller has estimated repairs: roof @ $12,000, with additional Unit 1 repairs to become rent ready. Seller Total Repair Estimate - $25,000. These repair costs are reflected in the current discounted market pricing for property. **Listing Agent makes no representation to accuracy of sq. ft. Buyer to verify. Any and all updates and estimates are per Seller(s).** Cash sale preferred. Property sells "AS IS - WHERE IS".