1300 Illinois Street, Mobile, AL 36604

Mobile
Local realty services provided by:Better Homes and Gardens Real Estate Platinum Properties
1300 Illinois Street,Mobile, AL 36604
$600,000
  • 6 Beds
  • 6 Baths
  • 2,666 sq. ft.
  • Multi-family
  • Active
Listed by: rameh dickens khazen
Office: bellator real estate llc. mobile
MLS#:392935
Source:AL_BCAR

Price summary

  • Price:$600,000
  • Price per sq. ft.:$225.06

About this home

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...

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Home facts

  • Year built:1984
  • Subdivision & Development:Metes And Bounds
  • Listing ID #:392935
  • Added:152 day(s) ago
  • Updated:August 05, 2026 at 02:48 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:6
  • Full bathrooms:6
  • Flooring:Wood
  • Kitchen Description:Dishwasher, Refrigerator
  • Living area:2,666 sq. ft.

Heating and cooling

  • Cooling:Window Unit(s)

Structure and exterior

  • Roof:Composition Shingle
  • Year built:1984
  • Building area:2,666 sq. ft.
  • Architectural Style:Multi Story
  • Levels:2 Story

Schools

  • High school:Lillie B. Williamson High
  • Middle school:Calloway Smith Middle
  • Elementary school:Leinkauf Elementary

Finances and disclosures

  • Price:$600,000
  • Price per sq. ft.:$225.06

Features and amenities

  • Appliances:Dishwasher, Refrigerator

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