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302 Michigan Avenue, Mobile, AL 36604

$699,000
  • 302 Michigan Avenue, Mobile, AL 36604 Main Photo

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New to the Market Active
BEDS0 BATHS MLS#7829544
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONGlendale Park

Property Description

Look no further for a strong investment opportunity featuring three buildings with a total of 10 units, providing multiple income streams and excellent potential for continued cash flow. Eight units are occupied by long-term tenants, offering stable, consistent rental income, while two ADUs operate as Airbnb rentals, providing additional short-term rental revenue and flexibility.The property currently generates over $8,000 in gross monthly income, making this an attractive opportunity for investors seeking an established income-producing asset. The diversified rental model combines the stability of long-term leases with the earning potential of short-term rentals. Current owner has also completed significant upgrades to the property. The two ADU buildings that house the AirBNB rentals have been completely remodeled and are fully furnished. New floors, subfloor, appliances, new PEX water lines, tankless water heater in Unit 10, mini split and brand new shower in Unit 9. New shower installed in unit 1. Sewer plumbing has been updated in the main building with additional clean outs added. With 10 total units across three buildings, this property offers scale, built-in income diversification, and potential for future growth. A compelling addition to any investment portfolio-schedule your private showing today!

302 Michigan Avenue | MLS# 7829544

This multi-family property located at 302 Michigan Avenue, Mobile, AL 36604 is currently listed for sale with an asking price of $699,000. Search Mobile real estate on www.gobellator.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Ceiling Fan(s), Wall Unit(s), Window Unit(s)
Heating: Wall Unit(s)
Lot Size: 0.24 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $928
Year Built: 1982

Feature Descriptions

Accessibility: None
Community Features: None
Construction Materials: Asbestos
Days on Site: 1
Exterior: Asbestos
Fencing: None
Lot: Corner Lot
Parking: Parking Lot, Paved
Parking Notes: Parking Lot, Paved
Sewer: Public Sewer
Special View Info: City
Units: 10
Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
Water: Public
Waterfront: None
Window: None

Local Schools

High School: Murphy
Middle School: Calloway Smith
Elementary School: Leinkauf

Listed By / Shown By

Listed By

Agency Name: Wellhouse Real Estate LLC - Mobile
Agency Phone: 251-230-5008

Shown By

Agency Title: Bellator Real Estate
Agency Phone:

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Estimated Payment

$ 3,633.89 per month $3,352.69 Principal & Interest $77.33 Property Tax $203.88 Homeowner's Insurance

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