302 Michigan Avenue, Mobile, AL 36604
302 Michigan Avenue, Mobile, AL 36604
302 Michigan Avenue, Mobile, AL 36604
302 Michigan Avenue, Mobile, AL 36604
302 Michigan Avenue, Mobile, AL 36604
302 Michigan Avenue, Mobile, AL 36604
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Judy Simonds

Judy Simonds

+1(850) 525-6411
$ 715,000
Est. payment | /mo

10 Beds

10 Baths

3,544 SqFt

Save
$ 715,000
Est. payment | /mo
Save

10 Beds

10 Baths

3,544 SqFt

Key Details

Property Type Multi-Family

Sub Type More than 4 units

Listing Status Active

Purchase Type For Sale

Square Footage 3,544 sqft

Price per Sqft $201

Subdivision Glendale Park

MLS Listing ID 391577

Bedrooms 10

Full Baths 10

Construction Status Resale

Annual Tax Amount $928

Lot Size 0.460 Acres

Lot Dimensions 100 x 200

Property Sub-Type More than 4 units

Property Description

Updated and stabilized, ten unit apartment complex in Midtown Mobile! Updated roof, fresh interior and new lighting. All with neutral colored paint, and vinyl plank floors. The kitchens are updated with white cabinets and countertops. Seven units are studio apartments, two units are two bedrooms, and one unit is a three bedroom. Out of the ten units, eight are currently long term tenants with one year leases, two units are being utilized as short term rentals. The short term rental units are generating approx $1200 per month, per unit. The rents on the long term units vary by unit. Rent rolls available by request. Property is near full occupancy and generates around $8500 gross per month on average. This area has seen great improvement and has excellent future appreciation potential. Located less than half a mile from Downtown Mobile, close to interstate access and not far from Mardi Gras parade routes. Roofs, plumbing, and electrical updates are approximately 8 years old. Call for more information. The year built is UNKNOWN. All improvements per seller. Buyer to verify all information during due diligence.

Location

State AL

County Mobile

Area Mobile County

Zoning 2+ Family Residence

Interior

Interior Features Other Rooms (See Remarks), Ceiling Fan(s)

Cooling Central Electric (Cool), Ceiling Fan(s)

Flooring Vinyl

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Microwave, Gas Range, Refrigerator

Exterior

Parking Features None

Community Features None

Waterfront Description No Waterfront

View Y/N No

View None/Not Applicable

Roof Type Composition

Attached Garage false

Garage No

Building

Lot Description Less than 1 acre

Foundation Pilings

Sewer Public Sewer

Water Public

New Construction No

Construction Status Resale

Schools

Elementary Schools Leinkauf

Middle Schools Calloway Smith

High Schools Murphy

Others

Senior Community No

Ownership Whole/Full

Listed by Bellator Real Estate LLC Mobil

Schools and Properties Nearby

Judy Simonds

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(850) 525-6411

judy@judysimonds.com

Learn More About LPT Realty

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302 Michigan Avenue