Renovated High-Income Apartment
1300 Illinois Street, Mobile, AL 36604
4-10, Multi-Story - Mobile, AL
Property size:
2,666 SFPrice / SF:
$225/SF- Added:
- Mar 6, 2026
- Days on Market:
- 71
- Last Refresh:
- May 16 at 5:06 pm
Property Features for 1300 Illinois Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Appliances
- Dishwasher, Refrigerator, Washer
- Standard status
- Active
- APN
- 29-10-27-2-003-007.
- Size
- 2,666 SF
Utilities
- Cooling system
- Multi Units, Window Unit(s)
Building Details
- Floors in Building
- 2
- Flooring type
- Wood
- Roof type
- Composition, Shingle
- Architectural style
- Other
Listing agent Rameh Khazen License #93507 (251) 343-7777
Listing office Bellator Real Estate LLC Mobil 1428 Hillcrest Road, Daphne, AL (251) 343-7777
Listing date Mar 6, 2026
MLS# 392935
Listing URL
Copyright © 2026 Baldwin REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High‑income producing six‑unit apartment building with diversified income stream.
- Significant capital improvements completed in 2024: new roofs, updated electrical, plumbing, flooring, appliances, HVAC, and water heaters.
- Professionally managed, generating average gross rents over $7,000 per month.
- Near full occupancy in short‑term rental units and reliable long‑term tenants.
- Located in an area experiencing substantial growth and investment.
- Coin‑operated laundry facility provides additional income.
Overview
This renovated six-unit apartment building offers a diversified income stream, featuring four fully furnished short-term rental units and two long-term rentals. The short-term units are professionally furnished with updated furniture, bedding, and supplies and operate at near full occupancy. The two long-term units are leased to reliable tenants. A coin-operated laundry facility provides additional income. The building is professionally managed and generates 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 received new flooring or refinished hardwood floors, along with new appliances, new PTAC-style HVAC units, and updated water heaters. The property is positioned for continued strong performance with minimal deferred maintenance. The surrounding area is experiencing increased development, job creation, and infrastructure improvements due to the relocation of the Mobile International Airport, which are expected to further drive housing demand and long-term property values. The property size is 2,666 square feet. The year built is unknown.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Short term rental ...
Location Insight
- Map
- Local Demand
- City
- Mobile
- County
- Mobile
- State
- Alabama
- Longitude
- -88.0678919
- Latitude
- 30.672683
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Six-unit building with short-term and long-term rental income.
Where is this apartment building located?
The property is located at 1300 Illinois Street Mobile, AL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: High‑income producing six‑unit apartment building with diversified income stream.; Significant capital improvements completed in 2024: new roofs, updated electrical, plumbing, flooring, appliances, HVAC, and water heaters.; Professionally managed, generating average gross rents over $7,000 per month.
