Property Description

RARE QUAD-PLEX OPPORTUNITY IN THE OLD DAUPHIN WAY HISTORIC DISTRICT! APPROVED PLANS, ISSUED PERMITS, AND A NEW ARCHITECTURAL SHINGLE ROOF! Architectural drawings approved by both the Mobile Historic Development Commission and the City of Mobile are included. Building permits have already been issued and are represented as transferable, giving the next owner a head start on continuing the renovation, subject to verification. A temporary electrical pole is also included. Materials for the next phase are already in place. Two Historic District-approved arched windows for the front of the home have been ordered and are ready for pickup at Oakleigh Woodworks. All new aluminum-clad windows are also on the property for the new owner. Significant improvements have been completed, including a new architectural shingle roof, extensive interior and exterior framing work, and replacement of select exterior doors and windows. More than 15 trees have also been removed from around the property, clearing the site for continued work. Located in one of Mobile's most desirable historic districts, this property offers the opportunity to restore a historic building into a four-unit income-producing property. Estimated after-repair value is in the $600,000s, depending on the completed renovation and market conditions. The proposed layout includes Unit A with 3 bedrooms and 1 bathroom, and Units B, C, and D each with 2 bedrooms and 1 bathroom. With approved plans, issued permits, substantial improvements, and additional materials included, much of the groundwork has been completed for the next owner. This is an opportunity to bring the remaining vision to life while preserving the character of a historic Mobile property. Buyer to perform their own due diligence regarding any information deemed important. One member of the selling entity is a licensed real estate agent in the State of Alabama.

Property Features

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