AMAZING investment opportunity 1.5 miles from South Alabama's campus!! 100% occupancy! Three buildings with a total of 12 units. Each unit rents for $640/month. All 2 bedrooms, 1 bath, 900sq ft each. Each unit comes with a refrigerator, stove, dishwasher, garbage disposal, washer/dryer connections, and an outside storage unit. 11 central AC units replaced with Rheen units in Feb 2016 and 1 in May 2015. Parking lot was repaved in 2019. 2020 generated almost $60,000 NOI! Owner pays for water and trash. Roof is a flat roof 10-12 years old. Addresses of each building are 5751 Overlook Rd. (Tax ID 1810188), 5755 Overlook Rd. (Tax ID 454877), and 1459 Morlee Dr. W (Tax ID 454868). Tenants require 48 hour's notice for showings. Buyer to verify all measurements and important info.
Sold for $860,000 on 01/30/24
$860,000
5751 Overlook Rd, Mobile, AL 36618
24beds
12baths
10,800sqft
MultiFamily
Built in 1978
-- sqft lot
$864,800 Zestimate®
$80/sqft
$1,185 Estimated rent
Home value
$864,800
$675,000 - $1.08M
$1,185/mo
Zestimate® history
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Owner options
Explore your selling options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 24
- Bathrooms: 12
Heating
- Other
Features
- Flooring: Tile, Other, Carpet
Interior area
- Total interior livable area: 10,800 sqft
Property
Features
- Exterior features: Shingle, Wood, Brick
Lot
- Size: 0.28 Acres
Details
- Parcel number: R022802091001003001
Construction
Type & style
- Home type: MultiFamily
Materials
- Other
Condition
- Year built: 1978
Community & neighborhood
Location
- Region: Mobile
Price history
| Date | Event | Price |
|---|---|---|
| 1/30/2024 | Sold | $860,000-4.3%$80/sqft |
Source: Public Record | ||
| 11/9/2023 | Price change | $899,000-4.9%$83/sqft |
Source:  GCMLS #7213207 | ||
| 10/23/2023 | Price change | $945,000-5%$88/sqft |
Source: GCMLS #7213207 | ||
| 10/14/2023 | Price change | $995,000-2.9%$92/sqft |
Source: GCMLS #7213207 | ||
| 10/9/2023 | Listed for sale | $1,025,000$95/sqft |
Source: GCMLS #7213207 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,103 +3.5% | $48,860 +3.5% |
| 2023 | $2,997 -0.5% | $47,200 -0.5% |
| 2022 | $3,014 +68.3% | $47,460 +68.3% |
Find assessor info on the county website
Neighborhood: Colonial Heights
Nearby schools
GreatSchools rating
- 3/10Orchard Elementary SchoolGrades: PK-5Distance: 1.1 mi
- 7/10Cl Scarborough Middle SchoolGrades: 6-8Distance: 2 mi
- 2/10Mattie T Blount High SchoolGrades: 9-12Distance: 4.1 mi
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$864,800
2% more+ $17,296
With Zillow Showcase(estimated)
$882,096