1469 Mamie Drive, Mobile, AL 36618
Local realty services provided by:Better Homes and Gardens Real Estate Main Street Properties
Listed by: chrissi moore
Office: roberts brothers west
MLS#:7820724
Source:AL_MAAR
Price summary
- Price:$179,900
- Price per sq. ft.:$126.6
About this home
TURNKEY INVESTMENT OPPORTUNITY WITH IMMEDIATE CASH FLOW, A LONG-TERM TENANT IN PLACE, AND MAJOR CAPITAL IMPROVEMENTS ALREADY COMPLETED. Currently generating $1,531 per month, this professionally managed 4-bedroom, 2-bath home offers immediate rental income with a tenant who has occupied the property for more than four years. Recent updates include a new roof (2025), new flooring (2025), and HVAC replacement (2021), significantly reducing near-term maintenance expenses. The current month-to-month lease provides flexibility for investors while also preserving future owner-occupancy potential. A portion of the rental income is generated through a government-assisted housing program, creating stable and predictable cash flow. Rent rolls, lease information, and T-12 financial statements are available upon request. This property is one of six investment opportunity homes being offered individually or as part of a larger investment portfolio. The seller would prefer a portfolio sale but will consider individual offers. SEE MLS #’s (7820915,7820818,7820792,7820755,7820698). Buyer to verify all information during the due diligence period....
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Home facts
- Year built:1998
- Subdivision & Development:Autumndale
- Listing ID #:7820724
- Added:1 day(s) ago
- Updated:August 13, 2026 at 10:40 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:7
- Flooring:Laminate
- Kitchen Description:Electric Cooktop, Refrigerator
- Living area:1,421 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:1998
- Building area:1,421 sq. ft.
- Lot Features:Back Yard
- Architectural Style:Traditional
- Levels:1 Story
Schools
- High school:Mattie T Blount
- Middle school:CL Scarborough
- Elementary school:Forest Hill
Utilities
- Water:Available
- Sewer:Available, Public Sewer
Finances and disclosures
- Price:$179,900
- Price per sq. ft.:$126.6
- Tax amount:$423
Features and amenities
- Appliances:Electric Cooktop, Refrigerator
- Amenities:Electricity Available, Refrigerator
Parking
- Total parking spaces:2
- Parking description:Carport, Covered
- Carport spaces:1
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