($65,000) Tenant-Occupied Section 8 Rental on Ann St @ $1,089/mo (2 Bed, 1 Bath)

2 Beds / 1 Baths โ€ข 1,048 SqFt
Offer Submission Deadline
  • Single Family House
  • 2
  • 1
  • 1982
  • 1048
  • 1048
  • No Garage

Description

Address: 560 S Ann St, Mobile, AL 36604

๐Ÿ’ฐ Asking Price: $65,000

๐Ÿ”จ Repair Estimate: Leak under kitchen sink, Soft spot/loose tile next to bathtub, Landscaping/limb/vine removal, Loose drywall tape. Note: Previous kitchen fire caused damage to sheathing and rafters in the attic. Rafters and sheathing were redone/re-supported in heavily damaged area. Much of rafters, sheathing, and center beam are still blackened but seem structurally ok.

๐Ÿ“‹ Property Details

๐Ÿ›๏ธ 2 Bed / ๐Ÿšฟ 1 Bath

๐Ÿ“ Total: 1,084 Sq Ft per tax record

๐Ÿ— Year Built: 1982

๐Ÿ“ Lot Size: 0.20

๐Ÿš— Parking: Driveway (no garage, no carport)

๐Ÿ— Foundation Type: Crawl Space

๐Ÿ’ง Utilities: City Water, City Sewer

๐Ÿ  Occupancy: Tenant-occupied (Section-8 tenant at $1,089/mo)

๐Ÿ”ง Big Ticket Items

๐Ÿš๏ธRoof - 10+ years, patched in a few places, no known current leaks

๐Ÿ’จHVAC - Central HVAC

๐Ÿ’งWater Heater - Electric, Working good, No drip pan or expansion tank

๐ŸชŸWindows: Mostly double pane

๐Ÿš๏ธFoundation: No issues noted

๐Ÿ”Œ Electrical: No wiring issues noted

๐Ÿช Plumbing: No supply line issues noted

๐Ÿ” Comparable Sales Breakdown

1450 McArthur St, Mobile, AL 36605 - Sold $72,415 in 2025

2 bed / 1 bath - 800 sq. ft.

Zillow link here

304 Stocking St, Mobile, AL 36604 - Sold $65,000 in 2025

2 Bed / 1 Bath ยท 1,274 sq. ft.

Zillow link here

1006 Maryland St, Mobile, AL 36605 - Sold $60,000 in 2025

2 Bed / 1 Bath - 936 sq. ft.

Zillow link here

๐Ÿšช Occupancy & Terms

๐Ÿ›Œ Occupancy: Tenant-occupied โ†’ 12-Mo Lease

๐Ÿ’ตEMD: $500 Due within 24 hours of signed purchase offer

โ„น Contact Information & Access

๐Ÿ“ž For Access: Call or Text Evan Templeton, eXp Realty, AL License #143463

๐Ÿ“ฑ Phone: (251) 333-4406 or (813) 928-5017

โœ‰ Email: evan@tcipropertygroup.com

Estimated Spread

  • Price $65,000
  • Spread -$65,000

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