302 Michigan Avenue, Mobile, AL 36604

Mobile
Local realty services provided by:Better Homes and Gardens Real Estate Main Street Properties
302 Michigan Avenue,Mobile, AL 36604
$715,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: rameh dickens khazen
Office: bellator real estate llc. mobile
MLS#:7716480
Source:AL_MAAR

Price summary

  • Price:$715,000

About this home

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...

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Home facts

  • Listing ID #:7716480
  • Added:44 day(s) ago
  • Updated:March 19, 2026 at 02:16 PM

Rooms and interior

  • Flooring:Hardwood, Vinyl

Structure and exterior

  • Roof:Composition
  • Lot area:0.24 Acres
  • Levels:2 Story

Schools

  • High school:Murphy
  • Middle school:Calloway Smith
  • Elementary school:Leinkauf

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$715,000
  • Tax amount:$928

Features and amenities

  • Amenities:Electricity Available

Parking

  • Parking description:Parking Lot

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