REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Paula Messer

paula@paulamesser.com +1(251) 510-6665

Listed by Melissa Morrissette • L L B & B, Inc.

$600,000

Est. payment - /mo

0.34 Acres Lot

Save

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Muth'S

MLS Listing ID 7734201

Annual Tax Amount $1,080

Tax Year 1080

Lot Size 0.340 Acres

Property Description

Investor Alert!! Great investment opportunity in a convenient Midtown location! 266 Rickarby Street includes two separate 3-unit apartment buildings located at 264 and 266 Rickarby Street, situated just south of Government Street with easy access to major thoroughfares. The property features six fully occupied units, providing immediate rental income. The unit mix includes four 2-bedroom, 1-bath apartments and two 1-bedroom, 1-bath apartments. Each unit offers hardwood floors and window HVAC units for heating and cooling. The property is serviced by gas, electricity, city water, and city sewer. All apartments are currently leased, with rents ranging from $500 to $800 per month, and one unit participating in the Section 8 program. Located just off Government Street and close to the Loop, the property offers easy access to shopping, dining, and major routes throughout the city, and is just minutes from downtown Mobile. With two buildings, six fully leased units, and a strong rental location, this property presents a fantastic opportunity for investors seeking a stable, income-producing asset.

Location

State AL

County Mobile - Al

Direction On Airport Blvd heading towards midtown. Turn right onto Little Flower Ave. Turn left onto Government St. Turn right onto Rickarby St.

Interior

Heating Electric

Cooling Window Unit(s)

Flooring Hardwood

Exterior

Fence None

Community Features None

Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available

Waterfront Description None

View Y/N true

View City

Roof Type Composition

Total Parking Spaces 6

Building

Lot Description Level

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

Elementary Schools Leinkauf

Middle Schools Lillie B Williamson

High Schools Lillie B Williamson

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Read Less Info

Nearby Locations

Paula Messer

Broker Associate | License ID: 64834

+1(251) 510-6665

266 Rickarby ST Mobile, AL 36606

Paula Messer

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

GET MORE INFORMATION

Go tour this home

266 Rickarby ST