Unique Investment Opportunity: High-Yielding Residential Portfolio in Mobile, AL

[Connor Hubbard]

Hello fellow investors!

I'm excited to present a unique opportunity to acquire a small, high-yielding portfolio in the sought-after area of Mobile, AL (36609). This profitable portfolio comprises of two single-family homes nestled in the quiet and desirable neighborhood of Jackson Heights and one duplex located in the conveniently accessible Pinehurst district.

Here are the details:

1. 400 Thornton Pl: A cozy single-family home generating $1,575/month in rent.
2. 4317 Packingham Dr: An inviting single-family home fetching $2,100/month in rent.
3. 952 McCay Ave: A fully occupied duplex, with each side bringing in $1,100/month for a total of $2,200/month.

This portfolio generates a gross monthly income of $5,875, translating to an annual gross income of $70,500. We are operating under the assumption that the net income is typically about 60% of the gross income, this results in an estimated annual net operating income (NOI) of approximately $42,300.With this in mind, we've priced this portfolio to yield a 7% cap rate, putting the asking price at approximately $604,285.These properties are in prime residential areas, known for their stable tenant demand. This, combined with the fact that all properties are professionally managed, contributes to the potential for stable, long-term income and ease of ownership.

If you're a savvy investor looking for a high-potential acquisition opportunity in the heart of Mobile, AL, this portfolio is worth your consideration. Please feel free to reach out for more detailed financials and to discuss further.

Looking forward to connecting with potential investors seeking growth and solid returns in the flourishing Mobile, AL market!

https://www.zillow.com/homedet...
https://www.zillow.com/homedet...
https://www.zillow.com/homes/4...