REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.

In-PersonVirtual Tour

Shane Mosley

shane@alcoastcondos.com +1(251) 550-3730

$ 600,000

Est. payment | -/mo

6 Beds

6 Baths

2,666 SqFt

Save

$ 600,000

Est. payment | -/mo

Save

6 Beds

6 Baths

2,666 SqFt

Key Details

Property Type Multi-Family

Sub Type Four To Ten Units

Listing Status Active

Purchase Type For Sale

Square Footage 2,666 sqft

Price per Sqft $225

Subdivision Metes And Bounds

MLS Listing ID 392935

Style Multi Story

Bedrooms 6

Full Baths 6

Construction Status Resale

HOA Y/N No

Rental Info Yes

Year Built 1984

Property Sub-Type Four To Ten Units

Source Baldwin County

Property Description

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

Location

State AL

County Mobile County

Zoning MultiFamily

Rooms

Dining Room EatInKitchen

Interior

Cooling Window Unit(s), Other

Flooring Wood

Fireplaces Type No Fireplace

Fireplace No

Appliance Dishwasher, Refrigerator

Exterior

Parking Features Other/See Remarks

Pool None

Community Features None

Utilities Available Water City, Sewage City, Alabama Power

Waterfront Description No Waterfront

View Y/N No

View None/Not Applicable

Roof Type Composition Shingle

Building

Architectural Style Multi Story

Construction Status Resale

Schools

Elementary Schools Leinkauf Elementary

Middle Schools Calloway Smith Middle

High Schools Lillie B. Williamson High

Others

Special Listing Condition None

Listed by Bellator Real Estate, LLC Span

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(251) 550-3730

shane@alcoastcondos.com

28148 Canal Rd, Orange Beach, AL 36561, USA

1300 Illinois Street Mobile, AL 36604

Shane Mosley

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

GET MORE INFORMATION

Go tour this home

1300 Illinois Street