Metes And Bounds Homes with Leinkauf Elementary Elementary School

Metes And Bounds Homes with Leinkauf Elementary Elementary School

Welcome to Metes And Bounds, a charming subdivision nestled in the heart of Mobile, Alabama. This delightful neighborhood offers a perfect blend of southern charm and modern convenience, making it an ideal choice for families, professionals, and retirees alike. With its tree-lined streets and beautifully maintained homes, Metes And Bounds provides a welcoming atmosphere that invites you to call it home.

One of the standout features of this subdivision is its proximity to Leinkauf Elementary School, a highly regarded institution known for its commitment to academic excellence and nurturing environment. Families with children will appreciate the convenience of having a top-notch school just a stone's throw away, fostering a strong sense of community and connectivity among residents.

The homes in Metes And Bounds are characterized by their unique architectural styles, spacious layouts, and lush yards, offering plenty of room for outdoor activities and family gatherings. Whether you’re looking for a cozy bungalow or a larger family home, you’ll find a variety of options that cater to diverse tastes and budgets.

In addition to its family-friendly atmosphere, Metes And Bounds is conveniently located near shopping, dining, and recreational facilities. Residents can enjoy easy access to local parks, vibrant downtown Mobile, and a plethora of cultural attractions that make this city a wonderful place to live.

If you’re searching for a community that combines comfort, convenience, and a strong sense of belonging, look no further than Metes And Bounds. Come explore this hidden gem and discover why so many families are proud to call it home!

Newest Metes And Bounds Homes with Leinkauf Elementary Elementary School

$600,000
6 Beds 6 Baths 392935 MLS
Renovated six-unit, high-income producing apartment building offering a strong and diversified income stream. The property consists of four fully furnished short-term rental units and two long-term rentals, creating an attractive blend of stable tenancy and higher-yield short-term rental income. The short-term units are professionally furnished with updated furniture, bedding, and supplies and are currently operating at near full occupancy, while the two long-term units are leased to reliable tenants providing consistent baseline income.The property also features a coin-operated laundry facility that provides additional income. The building is professionally managed and has been a strong performer, generating average gross rents of over $7,000 per month.Significant capital improvements were completed in 2024, including new roofs, updated electrical systems, and updated plumbing. Nearly all units also received new flooring or refinished hardwood floors, along with new appliances, new PTAC-style HVAC units, and updated water heaters. With most major systems and interior improvements already addressed, the property has been stabilized and positioned for continued strong performance with minimal deferred maintenance.The surrounding area continues to see substantial growth and investment. With the relocation of the Mobile International Airport, the area is experiencing increased development, job creation, and infrastructure improvements, which are expected to further drive housing demand and long-term property values.This is a rare opportunity to acquire a stabilized, income-producing multifamily asset with strong current cash flow and additional upside potential in a rapidly improving area.All measurements are approximate and not guaranteed, buyer to verify. This is an equitable interest listing where seller is selling only an option contract or assigning an interest in a contract, such as a purchase and sale agreement or a contract for deed. Year built is unknown. This

1300 Illinois St, Mobile

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