Property Description

Rare opportunity in Midtown Mobile! Available for purchase is a potential income-producing duplex on one of the city's most coveted streets, McPhillips Avenue. Convenience abounds as you are close to downtown, restaurants, shopping, USA Health Children's & Women's Hospital, Bishop State Community College, Spring Hill College and the University of South Alabama. Each side features two bedrooms and one bath with beautiful hardwood floors, an abundance of natural light. All bedrooms are located on the second floor which provides added privacy. The property boasts a huge backyard perfect for entertaining, outdoor activities or future expansion. Inside, new ceiling fans and updated fixtures add a sophisticated touch throughout both units. All appliances are less than five years old providing modern convenience from day one. Quality furnishings in the B side unit, including sofas, bedroom sets, dining furniture, draperies, rugs, mirrors and barely used televisions, are included with an acceptable offer - making this a truly turnkey opportunity for the right buyer. This is a prime opportunity to own a potential income-producing property as you could live in one unit and rent the other or lease both for maximum return. Combined possible gross rental income is around $2,700. The roof was replaced in 2024 per the seller. Property is being sold AS IS WHERE IS. Seller has an assumable FHA mortgage at an extraordinary 2.8% interest rate, less than half of today's market rates, which could save the right buyer hundreds of dollars versus current financing. Buyer must qualify for assumption. Seller is motivated and ready to close!

Property Features

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