Investor Alert!! Great investment opportunity in a convenient Midtown location! 266 Rickarby Street includes two separate 3-unit apartment buildings located at 264 and 266 Rickarby Street, situated just south of Government Street with easy access to major thoroughfares. The property features six fully occupied units, providing immediate rental income. The unit mix includes four 2-bedroom, 1-bath apartments and two 1-bedroom, 1-bath apartments. Each unit offers hardwood floors and window HVAC units for heating and cooling. The property is serviced by gas, electricity, city water, and city sewer. All apartments are currently leased, with rents ranging from $500 to $800 per month, and one unit participating in the Section 8 program. Located just off Government Street and close to the Loop, the property offers easy access to shopping, dining, and major routes throughout the city, and is just minutes from downtown Mobile. With two buildings, six fully leased units, and a strong rental location, this property presents a fantastic opportunity for investors seeking a stable, income-producing asset.
Property Type(s):
Multi Family
|
Last Updated
|
3/20/2026
|
Tract
|
Muth's
|
|
Year Built
|
0
|
County
|
Mobile - AL
|
SCHOOLS
| Elementary School |
Leinkauf |
| Jr. High School |
Lillie B Williamson |
| High School |
Lillie B Williamson |
Additional Details
| AIR |
Window Unit(s) |
| AIR CONDITIONING |
Yes |
| CONSTRUCTION |
Stone |
| HEAT |
Electric |
| LOT |
0.3398 acre(s) |
| LOT DESCRIPTION |
Level |
| LOT DIMENSIONS |
100x148 |
| PARKING |
Driveway |
| SEWER |
Public Sewer |
| STORIES |
2 |
| SUBDIVISION |
Muth's |
| TAXES |
1080 |
| UTILITIES |
Electricity Available, Natural Gas Available, Sewer Available, Water Available |
| VIEW |
Yes |
| VIEW DESCRIPTION |
City |
| WATER |
Public |
Location
Listing provided by Melissa Morrissette with L L B & B, Inc.
All information provided is deemed reliable but is not guaranteed or warranted and should be independently verified. The data relating to real estate for sale on this web site comes in part from the IDX/RETS Program of the Gulf Coast Multiple Listing Service, Inc. IDX/RETSreal estate listings displayed which are held by other brokerage firms contain the name of the listing firm. The information being provided is for consumer’s personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2003 Gulf Coast Multiple Listing Service, Inc. All rights reserved.
This IDX solution is (c) Diverse Solutions 2026.
Request More Info
Schedule a Showing
Share
Print
Twitter
Facebook
Email