$715,000

302 Michigan Avenue, Mobile, AL 36604

  • 10 beds |
  • 10 baths |
  • 3,544 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon0.46acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $202/sqft
  • Property List Date Icon Listed 4 days ago

Property Description

Updated and stabilized, ten unit apartment complex in Midtown Mobile! Updated roof, fresh interior and new lighting. All with neutral colored paint, and vinyl plank floors. The kitchens are updated with white cabinets and countertops. Seven units are studio apartments, two units are two bedrooms, and one unit is a three bedroom. Out of the ten units, eight are currently long term tenants with one year leases, two units are being utilized as short term rentals. The short term rental units are generating approx $1200 per month, per unit. The rents on the long term units vary by unit. Rent rolls available by request. Property is near full occupancy and generates around $8500 gross per month on average. This area has seen great improvement and has excellent future appreciation potential. Located less than half a mile from Downtown Mobile, close to interstate access and not far from Mardi Gras parade routes. Roofs, plumbing, and electrical updates are approximately 8 years old. Call for more information. The year built is UNKNOWN. All improvements per seller. Buyer to verify all information during due diligence.

Listing Status:
Active
Data Last Updated:
February 14, 2026 at 7:48AM
Listing Office:
Bellator Real Estate LLC Mobil : 251-343-7777
Listing Agent:
Rameh Khazen : 251-343-7777
MLS ID:
391577
  • General: Other Rooms (See Remarks)Ceiling Fan(s)
  • Master Bedroom: Other - See Remarks
  • Appliances: DishwasherMicrowaveGas RangeRefrigerator
  • Dining: See Remarks
  • Flooring: Vinyl
  • A/C: Central Electric (Cool)Ceiling Fan(s)
  • Heating: None
  • Fireplace: Fireplaces: 0
  • Parking: None
  • Roofing: Composition
  • General: AsbestosBrickWood SidingWood FrameTwoPilings
  • Golf: None
  • Originating MLS: Baldwin County
  • County: Mobile
  • Zoning: 2910223003057XXX
  • View: None/Not Applicable
  • Utilities: Alabama Power
  • Water: Public
  • Sewer: Public Sewer
  • Source: Baldwin County
  • Ownership: Whole/Full

This listing courtesy of Rameh Khazen , Bellator Real Estate LLC Mobil

Monthly Payment

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

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Location

Schools Nearby

L

Leinkauf Elementary School

1410 Monroe St, Mobile, AL, 36604

Grades PK-5

0.14 miles away

W

Williamson High School

1567 E Dublin St, Mobile, AL, 36605

Grades 6-12

0.73 miles away

M

Murphy High School

100 S Carlen St, Mobile, AL, 36606

Grades 9-12

1.12 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.