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.
