$1,270,000

16-22 S Florida Street, Mobile, AL 36606

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon10,019sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 2 days ago

Property Description

This 8-unit apartment complex offers an exceptional investment opportunity in Midtown Mobile, boasting a strong short-term and mid-term rental history and fully furnished accommodations. The property includes seven 2-bedroom 1-bathroom units and one 1 bedroom 1 bath unit as well as all current furnishings. Additionally, there is a well-equipped laundry center featuring two commercial washers and two commercial dryers, complete with storage for linens and owner supplies. All appliances and furnishings will remain, making this a turn-key investment opportunity for both local and out of state investors. The current owners will include the current business infrastructure with the sale, along with contacts for the laundry, maintenance, landscape, and cleaning services they currently employ. This listing encompasses four parcels that will be sold as a package deal, including 16, 18, 20, and 22 South Florida Street. There is ample space behind each building for potential future development or expansion. Because each duplex is on its own parcel the property is eligible for traditional 30-year financing and does not require commercial financing. Recent updates add to the appeal of this investment; the roof was replaced in 2022, one water heater replaced in 2024, new exterior staircase and cosmetic updates to all interiors. These modern amenities enhance the overall value and desirability of this Midtown gem. Don't miss this opportunity to secure a strong investment in a prime location with a promising rental history and room for future growth. Listing agent is related to the seller.

Listing Status:
Active
Date Added:
April 2, 2026
Data Last Updated:
April 4, 2026 at 7:06AM
Listing Office:
Wellhouse Real Estate LLC - Mobile : 251-230-5008
Listing Agent:
Breanna Veth : 251-229-4714
MLS ID:
7746569
  • A/C: Wall Unit(s)
  • Heating: Wall Unit(s)
  • Disability Feature: None
  • Eco/Green Feature: None
  • Parking: Parking LotPaved
  • Roofing: Other
  • Windows: None
  • General: BrickTwo
  • Originating MLS: GCMLS2
  • County: Mobile - AL
  • Topography: Level
  • Zoning: 2907230006249
  • View: CityView
  • Fencing: None
  • Utilities: Cable AvailableElectricity AvailableNatural Gas AvailableSewer AvailableOther
  • Water: Public
  • Sewer: Public Sewer
  • Source: GCMLS2

This listing courtesy of Breanna Veth , Wellhouse Real Estate LLC - Mobile

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

U

United Cerebral Palsy of Mobile Inc

3058 Dauphin Sq Connector, Mobile, AL, 36607

Grades PK-KG

1.08 miles away

P

Phillips Preparatory Middle School

3255 Old Shell Rd, Mobile, AL, 36607

Grades 6-8

1.38 miles away

M

Murphy High School

100 S Carlen St, Mobile, AL, 36606

Grades 9-12

0.86 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.