302 Michigan, Mobile, AL 36604
- $699,000
- List Price
- $699,000
- MLS#
- 7829544
- Year Built
- 1982
- Acres
- 0.24
- County
- Mobile - Al
- Subdivision
- Glendale 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!
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Additional Information
- Acres
- 0.24
- Water
- Public
- Cooling
- Ceiling Fan(s), Wall Unit(s), Window Unit(s)
- Sewer
- Public Sewer
- Heating
- Wall Unit(s)
- Elementary School
- Leinkauf
- Middle School
- Calloway Smith
- High School
- Murphy
Mortgage Calculator
Listing courtesy of Wellhouse Real Estate LLC - Mobile.