FOR SALE BY OWNER
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5 N Fulton St, Mobile, AL 36607
5 N Fulton St, Mobile, AL 36607, Mobile, AL 36607
$1,100,000
$138/sq ft
15 Beds
10.0 Baths
8,000 Sq Ft
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About This Property
Prime 10-Unit Investment Property — Strong Cash Flow & Upside Potential
Located in Midtown — Minutes from Downtown
Purchase Price: $1,100,000
Open to Creative Financing Strategies
This 10-unit, fully occupied multifamily property presents an excellent investment opportunity with immediate rental income and significant upside potential.
The property consists of 1 triplex, 3 duplexes, and 1 single apartment, offering a diverse unit mix and strong rental demand.
Key Investment Highlights
* 10 total units — fully occupied
* $1,100,000 purchase price
* Projected rental income of approximately $9,000/month once all units are operating at their full potential
* Below-market rents, creating significant opportunity to increase rental income
* Value-add potential through strategic improvements and updated property management
* Room to raise rents as leases turn over
* Well-maintained property
* On-site handyman available to handle day-to-day maintenance needs
* Tenants pay all utilities
* Minimal ongoing expenses — landscaping is the primary owner expense and is mainly required during the spring and summer months
* Located in a high-demand Midtown area, minutes from downtown, shopping, restaurants, and public transportation
* Strong rental demand with a history of attracting stable, long-term tenants
* Easy-to-rent units with consistent tenant demand
* Open to creative strategies for the right buyer
This property offers the combination of existing cash flow, below-market rents, and future income growth, making it an attractive opportunity for an investor looking to build or expand a multifamily portfolio.
SERIOUS INQUIRIES ONLY.
Contact for additional details, financial information, and to discuss the property and potential deal structures.
Property Type
Multi Family
Lot Size
10,000 sqft
Heating
Forced air; Gas
Cooling
Other
Features & Amenities
Interior Features
- Asphalt
- Forced air
- Garage - Attached
- Gas
- Laminate
- Other
- Tile Flooring
- Wood
Property Owner
PO
Property Owner
Property Owner
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Complete the form below to get pre-approved for your home loan. This will help you understand your budget and show sellers you're a serious buyer.
Mortgage Calculator
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Estimated Monthly Payment
$7,055
Payment Breakdown
Principal & Interest
$5,855
Property Tax
$1,100
Home Insurance
$100
HOA Fees
$0
Loan Amount
$880,000
Total Interest Paid
$1,227,678
Total Cost
$2,107,678