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302 Michigan Ave, Mobile, AL 36604

$699,000
•
  • —

    bed

  • —

    bath

Multi-family for sale 47 days

About 302 Michigan Ave

Property type Multi-family
Neighborhood
Year built 1982
HOA fee $0/month
Lot size 10,406 Sqft
Movoto estimate
Rental estimate
Property description
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 $8,000 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!
Listed by
Listing Agent - Breanna Veth
Listing Office - Wellhouse Real Estate LLC - Mobile
Source: Gulf Coast MLS/Mobile AOR mls logo
MLS#7829544 • last updated 1 month ago
Movoto checked Gulf Coast MLS/Mobile AOR for data 6 minutes ago
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Overview
Cooling/AC Ceiling Fan(s), Wall Unit(s), Window Unit(s)
Heating Wall Unit(s)
Levels/Style Two
Type Residential Income
Status Active
MLS # 7829544
Lot Size (Acres) 0.2389
Lot Size (SqFt) 10406.484
Annual Property Tax 928
Year Built 1982
Interior
Accessibility Features None
Window Features None
Exterior
Construction Asbestos
Roof Shingle
Parking Parking Lot, Paved
# Parking Spaces 2
Lot Desc Corner Lot
Fencing None
Amenities / Utilities
Sewer/ Septic Public Sewer
Utilities Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
Green Features: Energy Efficiency None
Water Source Public
Location
View City
Waterfront None
County Mobile - AL
Subdivision Glendale Park
Community Features None
Elementary School Leinkauf
High School Murphy
Middle School Calloway Smith
Multifamily Details
Total # of Units 10
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Source: GreatSchools.org © 2026. All rights reserved.

Around Leinkauf

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34/100
Walk
68/100
Family
59/100
Dining
83/100
Pet
  • Real Estate
  • AL
  • Mobile County
  • Mobile
  • 36604
  • Leinkauf
  • 302 Michigan Ave

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