Views

Address

302 Michigan Avenue, Mobile, AL

Listing Type

Active

Price

$ 699,000

Property Attributes

MLS#7829544
TypeSingle Family
Listing Status Active
CountyMobile
CityMobile
NeighborhoodGlendale Park
Zip36604
Style
Year Built1982
Taxes$ 928
Price$ 699,000
Bedrooms10
Full Bathrooms10
Half Bathrooms0
Lot Size0.2389 Acres

Data Source:

Mobile Area Association of REALTORS®® Inc/Gulf Coast MLS

Property 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!

Elementary School	Middle School	High School
Leinkauf Elementary School	Calloway Smith Middle School	Murphy High School

Price History
8/30/2026	Listed $699,000

General Features

Sewer	Public Sewer
Heating	Wall Unit(s)
Cooling	Ceiling Fan(s),Wall Unit(s),Window Unit(s)
Utilities	Cable Available,Electricity Available,Natural Gas Available,Sewer Available,Water Available
Roof	Shingle
Construction Materials	Asbestos
Year Built	1982
View	City
Levels	Two
Waterfront Features	None
Community Features	None
Accessibility	None
County	Mobile - AL
Property Type	Residential Income
Energy Efficient	None
Subdivision Name	Glendale Park
Status	Active
High School	Murphy
City	Mobile
Number Of Units Total	10
Lot Size Units	Square Feet
Lot Size Square Feet	10406.484
Elementary School	Leinkauf
Tax Annual Amount	928
Middle/Junior High School	Calloway Smith
Standard Status	Active
Occupancy Type	Tenant

Interior Features

Air Conditioning Y/N	true
Heating Y/N	true
Window Features	None

Exterior Features

Fencing	None
Parking Features	Parking Lot,Paved
Lot Features	Corner Lot
Water Source	Public
Total Parking	2
Lot Size Area	10406.484
Lot Size Acres	0.2389
Waterfront Y/N	false