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0 Baths

$679,000

302 Michigan Avenue, Mobile AL, 36604

Price per sqftN/A
Built in1982
Property typeResidential

Overview

Active

Listed Aug 26, 2026

Updated 3 days ago

SELLER MOTIVATED!! Offering a $5000 seller concession with acceptable. 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 $8,500 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!

$4,517/mo

Est. mortgage payment based on a $679,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
7829544

Interior Features

Bathrooms
0
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.24 Acres

Other Property Details

Taxes
$928
Tax Frequency
Annually
View
Yes

Broker Reciprocity Courtesy of Wellhouse Real Estate LLC - Mobile, Breanna Veth

 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Neither listing broker(s) nor Jessica Nguyen shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

 

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