STRONG CAP RATE INVESTMENT WITH IMMEDIATE RENTAL INCOME, A LONG-TERM TENANT, AND EXTENSIVE RECENT IMPROVEMENTS. Currently producing $1,497 per month, this professionally managed 3-bedroom, 1.5-bath home offers one of the strongest income-producing opportunities in the portfolio. The current tenant has occupied the property for more than four years, creating stable occupancy and reducing vacancy risk. Major capital improvements completed in 2022 include a new roof, HVAC system, water heater, and flooring. The month-to-month lease provides flexibility while maintaining uninterrupted cash flow from the first day of ownership. Rent rolls, lease information, and T-12 financial statements are available upon request. Purchase this property individually or ask about acquiring it as part of the complete six-property investment portfolio. SEE MLS #'s (408488,408492,408531,408534,408538). Buyer to verify all information during the due diligence period. Buyer to verify all information during due diligence.
Listed By
Agency Name: Roberts Brothers West
Agency Phone: 251-661-4660
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666
Estimated Payment
$ 443.33 per month $322.48 Principal & Interest $78.58 Property Tax $42.26 Homeowner's InsuranceCrye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 2,800+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
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1933 Pallister Pl | MLS# 408533
This single family home located at 1933 Pallister Pl, Mobile, AL 36618 is currently listed for sale with an asking price of $144,900. This property was built in 1978 and has 3 bedrooms and 1 full and 1 partial baths with 1150 sq. ft. Pallister Pl is located in the Pallister Place subdivision. Search Pallister Place real estate on www.clhomes.com today.