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Opportunity Zone

Roper

Multifamily | 0.77% CAP | 2 Units

Listing Contacts

Active

Asking Price: $429,000
Address 

262 Roper St, Mobile, AL 36604

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Date Added
Feb 17, 2025
Days on Market
93 days
Time Since Last Update
93 days

Details

Property TypeMultifamily
SubtypeApartment Building
Square Footage2,910
Net Rentable (sq ft)2,910
Cap Rate0.77%
NOI$3,300
Units2
Pads1
Year Built1920
Year Renovated2020
Buildings1
Stories2
ZoningResidential
Ownershipwhole
IntelligenceINTELLIGENCE
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Marketing Description

The Oakleigh Garden District, a neighborhood admired and sought after for its grand homes, tree lined streets, and strong sense of community is not one to think twice about.​ This meticulously maintained and well preserved duplex features two nearly identical two-story units both featuring two bedrooms and one and a half bathrooms.​ Both units enter into a large living area with an original fireplace, a grand staircase, high ceilings, and original hardwood floors.​ From the living room you flow seamlessly into the formal dining room with updated lighting, an original fireplace, built-ins, high ceilings, original hardwood floors, and a half bath.​ At the rear of each unit, the kitchen offers ample workspace to create phenomenal culinary masterpieces.​ Unit A includes fresh white appliances and unit B features upgraded stainless steel appliances.​ Upstairs, a landing opens up to two bedrooms and a full bath.​ The front bedroom is generously sized with tons of natural light, hardwood floors and another original fireplace.​ The rear bedroom spans over half the length of the house and offers plenty of room for a king bed, sitting area and home office! Inside the full bath, you will appreciate the full renovation that both have undergone offering modern amenities and stylish tile selections.​ Outside, overlook a charming fenced garden where your green thumb can run wild with imagination.​ Out front, enjoy afternoons on the porch overlooking the Historic Oakleigh House Museum and gardens while taking time to enjoy the neighbors you will surely meet.​ Later on, take a stroll to the neighborhood restaurant, The Hummingbird Way, followed by libations and live music at Callaghans Irish Social Club.​ On your walk home, cut through Washington Square and enjoy the sounds of nature and the hum of splashing water at the century old fountain.​ Don't think twice on this rare two unit opportunity! Buyer or buyer's agent to verify pertinent information.​ Buyer to verify all information during due diligence.​

Investment Highlights

2 units, leased : $1800/mo & $1500/mo

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$3,300.00
$275.00/mo

Valuation Metrics

0
DSCR
0.77%
Cap Rate
0.77%
ROI

Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts


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