1300 Illinois Street, Mobile, AL 36604

• 6 beds |
• 6 baths |
• 2,666 sqft

Property Description

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

Listing Status:

Active

Data Last Updated:

April 1, 2026 at 11:45PM

Listing Office:

Bellator Real Estate LLC Mobil : 251-343-7777

Listing Agent:

Rameh Khazen : 251-343-7777

MLS ID:

392935

Interior

• General: Eat-in KitchenOther Rooms (See Remarks)
• Master Bedroom: Other - See Remarks
• Appliances: DishwasherRefrigerator
• Flooring: Wood
• A/C: Window Unit(s)Other
• Heating:
• Fireplace: Fireplaces: 0
• Eco/Green Feature: Other-See Remarks

Exterior

• Parking: See Remarks

Construction

• Roofing: Composition
• General: Other-See RemarksTwoPillar/Post/Pier

Location

• Golf: None
• Originating MLS: Baldwin County
• County: Mobile

Lot

• Zoning: LOT 8 IN BLK 8 OF GLENDALE PARK REC IN DBK 61 P 316-17 ALSO THAT STRIP OF LAND LYING IMMEDIATELY E OF SD LOT 8 IN BLK 8 OF GLENDALE PARK BDED ON N BY A PROJ OF THE N/L OF SD LOT 8 BDED ON THE E BY THE PRESENT W/L OF ANN ST AND ON THE S BY THE S/L OF LOT 8 EXT BY LOT 8 #SEC 27 T4S R1W #MP29 10 27 2 02910272003007.
• View: None/Not Applicable

Utilities

• Utilities: Alabama Power
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Baldwin County
• Ownership: Whole/Full