5 N Fulton St, Mobile, AL, 36607

Engage yourself in the extraordinary prospect presented by this prime 10-unit investment property, teeming with high returns and immense growth potential. Positioned conveniently a few minutes from the downtown area, this complex proves a fruitful pursuit for prudent investors, seamlessly combining immediate cash flow and scope for heightened revenue.

This bustling real estate proposition boasts a fully occupied collection of residences, comprised of a triplex, three duplexes, and a singular apartment unit. The complex's current yield is approximately $7490 per month, yet astute investors take note, the rental rates are impressively positioned below market averages, signaling immense potential for future revenue augmentation via strategic enhancements or refreshed management approaches.

Brilliance in maintenance is clear upon surveying the complex, as the harmonious display of solid construction, coupled with modernized systems inclusive of electrical, plumbing, and HVAC, preludes the necessity for significant capital investment in the near term. To top it off, all utility costs fall under tenant responsibilities, allowing the owner to incur expenses only for landscaping duties during the spring and summer seasons.

The location of this complex itself is a head-turner, nestled right in the heart of a high-demand area with convenient access to shopping venues, a variety of restaurants, and sound public transportation links. The strategic locality aids in attracting stable, long-term tenants, amplifying the property's investment appeal. This property is a golden opportunity for serious investors who appreciate the cohesion of immediate and long-term investment rewards.