302 Michigan AVE Mobile, AL 36604
10,406 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Glendale Park
MLS Listing ID 7829544
Year Built 1982
Annual Tax Amount $928
Tax Year 928
Lot Size 10,406 Sqft
Property Description
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!
Location
State AL
County Mobile - Al
Direction Head west on Government Street. Take a right on Michigan Ave. Property is on your right.
Interior
Heating Wall Unit(s)
Cooling Ceiling Fan(s), Wall Unit(s), Window Unit(s)
Exterior
Fence None
Community Features None
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
Waterfront Description None
View Y/N true
View City
Roof Type Shingle
Total Parking Spaces 2
Building
Lot Description Corner Lot
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
Elementary Schools Leinkauf
Middle Schools Calloway Smith
High Schools Murphy
NEARBY SCHOOLS & PROPERTIES