Come and take advantage of this immediate income producer. This building features 4 separate offices, all of which are currently leased. For the past 9 years this complex has never been under 90% occupancy. Current income for this complex is $4125.00 per month. Tenants wish to remain. Taxes and insurance are affordable for a 6, 700 square foot, commercial building. The upstairs portion of this building could easily be on site living quarters (residence). Zoning allows for upstairs residential use with bottom portion of building commercial use only.( Per City of Mobile Planning Commission). In 2009 the following updates and remodel are as follows: Concrete siding installed, exterior painting, new roof installed, 2 new exterior HVAC units installed 1 interior HVAC unit replaced, along with interior painting and high efficiency lighting upgrades. Cap rate @ 13. Buyers to verify all facts and figures.
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