Mobile, AL 36604 1300 Illinois Street
$600,000



16 more
















Presented By: Bellator Real Estate LLC Mobile; CELL: 251-786-4673
Home Details
Renovated six-unit, high-income producing apartment building offering a strong and diversified income stream. The property consists of four fully furnished short-term rental units and two long-term rentals, creating an attractive blend of stable tenancy and higher-yield short-term rental income. The short-term units are professionally furnished with updated furniture, bedding, and supplies and are currently operating at near full occupancy, while the two long-term units are leased to reliable tenants providing consistent baseline income.The property also features a coin-operated laundry facility that provides additional income. The building is professionally managed and has been a strong performer, generating average gross rents of over $7,000 per month.Significant capital improvements were completed in 2024, including new roofs, updated electrical systems, and updated plumbing. Nearly all units also received new flooring or refinished hardwood floors, along with new appliances, new PTAC-style HVAC units, and updated water heaters. With most major systems and interior improvements already addressed, the property has been stabilized and positioned for continued strong performance with minimal deferred maintenance.The surrounding area continues to see substantial growth and investment. With the relocation of the Mobile International Airport, the area is experiencing increased development, job creation, and infrastructure improvements, which are expected to further drive housing demand and long-term property values.This is a rare opportunity to acquire a stabilized, income-producing multifamily asset with strong current cash flow and additional upside potential in a rapidly improving area.All measurements are approximate and not guaranteed, buyer to verify. This is an equitable interest listing where seller is selling only an option contract or assigning an interest in a contract, such as a purchase and sale agreement or a contract for deed. Year built is unknown. This
Presented By: Bellator Real Estate LLC Mobile; CELL: 251-786-4673
Interior Features for 1300 Illinois Street
Bedrooms
Total Bedrooms6
Bathrooms
Half Baths0
Total Baths6
Other Interior Features
LivingAreaSourceTax Records
Air Conditioning Y/NYes
Fireplace FeaturesNo Fireplace
Fireplace Y/NNo
FlooringWood
Total Fireplaces
General for 1300 Illinois Street
AppliancesDishwasher, Refrigerator
Architectural StyleMulti Story
CityMobile
Community FeaturesNone
CoolingWindow Unit(s), Other
CountyMobile County
DirectionsHeaded West on Government Street make a left onto Ann St, heading South. Make a right onto Illinois St. Property sits on the corner of Ann and Illinois St.
Elementary SchoolLeinkauf Elementary
Full Baths6
HOANo
High SchoolLillie B. Williamson High
MLS AreaMobile County
Middle/Junior High SchoolCalloway Smith Middle
Pool FeaturesNone
PossessionOther Possession/See Remarks
Property SubtypeFour To Ten Units
Property TypeResidential Income
RoofComposition Shingle
Standard StatusActive
StatusActive
Stories Count2
Subdivision NameMetes And Bounds
UtilitiesWater City, Sewage City, Alabama Power
ViewNone/Not Applicable
Waterfront FeaturesNo Waterfront
Year Built1984
Exterior for 1300 Illinois Street
Number of Lots1
Parking FeaturesOther/See Remarks
Additional Details
Price History
Sam Winter
Real Estate Agent
SQFT • 2,666