USAALMobileGlendale Park302 Michigan Ave

302 Michigan Ave, Mobile, AL

Name: 302 Michigan Ave, For Sale in Mobile - Zoocasa
Brand: Wellhouse Real Estate LLC - Mobile
SKU: 7829544
Price: 699000 USD

House

For Sale

Listed price in listed location currency (USD).

$699,000

002

MLS® 7829544

Overview

Key Facts

Type

Levels Residential Income

Size -

Garage

Taxes $928

Days Active 4

Lot Size 0.2389 Acres

Approx. Age 1982

MLS® Number 7829544

Property Address: 302 Michigan Ave, Mobile, AL, 36604-1920

Average square foot calculated using Size range provided by listing agent.

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!

MLS® Number7829544

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1982

Basement

DrivewayParking Lot, Paved

Garage Spaces

HeatWall Unit(s)

A/CCeiling Fan(s), Wall Unit(s), Window Unit(s)

Extras

Map

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