166 Kenan Street, Mobile

Exuding elegance and sophistication, this fully occupied four-unit property is a lucrative income-producing asset located in the desirable Midtown area of Mobile, Alabama. Situated on a spacious corner lot, this exceptional multi-unit dwelling boasts over 3200 square feet of living space. The downstairs units impress with 11-foot ceilings, while the upstairs units feature 10-foot ceilings. Further adding to its charm are the original hardwood floors and fully equipped kitchens, enhancing the property's appeal. The home was gently converted into 3, 2-bedroom 2 bath apartments (approx. 1100 sq. ft. each) Unit A is a downstairs unit, it was renovated in 2023, currently occupied w/ lease end date 3/2025, leased for $1500 per month.Unit B is a 2-bedroom 1 bath upstairs apartment (approx. 1000 sq. ft.) just recently renovated in 2022, currently occupied w/ lease end date 2/2025, leased for $1100 per month, and has new washer and dryer connections.Unit C is a 2-bedroom 1 bath downstairs apartment (approx. 1000 sq. ft.) currently occupied with a lease end date of 11/2024 and leased for $1050 per month.The property also has a large 1 bedroom 1 bath garage apartment (approx. 750 sq. ft.) currently occupied w/ a lease end date of 8/2024, leasing for $850 per month, and this unit has tons of potential to be completely remodeled and generate more revenue per month.Under the garage apartment, is a large, recently cleaned out garage/storage area that has endless possibilities. This exceptional investment opportunity offers luxurious living in a serene neighborhood. With its thoughtful design and high product quality, managing and maintaining it is effortless. This gem in Midtown presents a remarkable chance for a long-term investment, acquiring a top-tier asset with great potential and future opportunities that will enrich any portfolio. Buyer to verify all information during due diligence.