Mobile, AL 36604 302 Michigan Avenue
$679,000



79 more















































































Presented By: Wellhouse Real Estate LLC - Mobile
Home Details
SELLER MOTIVATED!! Offering a $5000 seller concession with acceptable. 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 $8,500 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!
Presented By: Wellhouse Real Estate LLC - Mobile
Interior Features for 302 Michigan Avenue
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
Heating Y/NYes
Window FeaturesNone
General for 302 Michigan Avenue
AccessibilityNone
CityMobile
Community FeaturesNone
Construction MaterialsAsbestos
CoolingCeiling Fan(s), Wall Unit(s), Window Unit(s)
CountyMobile - AL
Elementary SchoolLeinkauf
Energy EfficientNone
HeatingWall Unit(s)
High SchoolMurphy
LevelsTwo
Lot Size Square Feet10406.484
Lot Size UnitsSquare Feet
Middle/Junior High SchoolCalloway Smith
Number Of Units Total10
Occupancy TypeTenant
Property TypeResidential Income
RoofShingle
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameGlendale Park
Tax Annual Amount928
UtilitiesCable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
ViewCity
Waterfront FeaturesNone
Year Built1982
Exterior for 302 Michigan Avenue
FencingNone
Lot FeaturesCorner Lot
Lot Size Acres0.2389
Lot Size Area10406.484
Parking FeaturesParking Lot, Paved
Total Parking2
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
Middle School
Calloway Smith Middle School
Elementary School
Leinkauf Elementary School
Sam Winter
Real Estate Agent
