Turnkey 9-Unit Multifamily Investment | 100% Occupied | Midtown Mobile
Welcome to 2664 Murrell Ln, Mobile, AL 36607 — a rare opportunity to acquire a fully renovated, fully occupied nine-unit apartment complex in the heart of Midtown Mobile. With an average rent of $850 per unit and 100% occupancy, this property offers immediate cash flow and long-term stability in a market where quality multifamily inventory is limited.
Each unit is approximately 825 square feet and features a 2-bedroom, 1-bath layout that appeals to a broad tenant base. The property underwent major capital improvements in 2020, including a new roof, updated electrical, plumbing, and HVAC systems, significantly reducing near-term maintenance and capital expenditure concerns.
The complex is constructed of solid brick, providing durability, low maintenance, and strong curb appeal. All units are all-electric, and the property is situated in a quiet, established area while remaining conveniently close to Midtown restaurants, shopping, hospitals, libraries, grocery stores, public transportation, and interstate access—a highly desirable location for tenants.
Property Features
Utilities
Electricity Available
Phone Available
Sewer Available
Water Available
Cooling Information
Central Air
Electric
Separate Meters
Heating Information
Central
Electric
Separate Meters
Water Features
Public
Parking
Parking Lot
School Information
School Information for 2664 Murrell Lane, Mobile, AL 36607