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
$699,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: breanna veth, dana veth
Office: wellhouse real estate llc. - mobile
MLS#:7829544
Source:AL_MAAR

Price summary

  • Price:$699,000

About this home

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...

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Home facts

  • Year built:1982
  • Subdivision & Development:Glendale Park
  • Listing ID #:7829544
  • Added:1 day(s) ago
  • Updated:August 30, 2026 at 02:17 PM

Heating and cooling

  • Cooling:Ceiling Fan(s), Window Unit(s)

Structure and exterior

  • Roof:Shingle
  • Year built:1982
  • Lot Features:Corner Lot
  • Levels:2 Story

Schools

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

Utilities

  • Water:Available, Public
  • Sewer:Available, Public Sewer

Finances and disclosures

  • Price:$699,000
  • Tax amount:$928

Features and amenities

  • Amenities:Electricity Available

Parking

  • Total parking spaces:2
  • Parking description:Parking Lot

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