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302 Michigan Ave Mobile, AL 36604

Sponsored
For Sale
$715,000

MULTI_FAMILY - Mobile, AL

Lot size:
0.24 Acres
Days on Market:
2
Last Refresh:
Feb 11 at 2:06 pm

Property Features for 302 Michigan Ave

General Information

Property type
Residential Multi Family
Property subtype
Other
Standard status
Active
APN
2910223003057
Parking features
Parking Lot
Lot size
0.24 Acres

Utilities

Utilities
Natural Gas Available
Sewer type
Public Sewer
Water source
Public

Building Details

Floors in Building
2
Number of units
10
Flooring type
Hardwood, Vinyl
Building materials
Asbestos, Brick, Wood Siding
Roof type
Composition

We can help!

Listing Contact
Rameh Dickens Khazen

Bellator Real Estate & Development (251) 604-3300

Listing agent Rameh Dickens Khazen (251) 786-4673

Listing date Feb 10, 2026

MLS# 7716480 Listing URL

Copyright © 2026 Mobile Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Learn more

Property Insight Report

Overview

Midtown Mobile Apartment Complex

This is a stabilized ten-unit apartment complex located in Midtown Mobile. The property has an updated roof, fresh interior, and new lighting. The units feature neutral-colored paint and vinyl plank floors. Kitchens are updated with white cabinets and countertops. The unit mix includes seven studio apartments, two two-bedroom units, and one three-bedroom unit. Eight units are occupied by long-term tenants with one-year leases, while two units are utilized as short-term rentals, generating approximately $1200 per month per unit. The property is near full occupancy and generates around $8500 gross per month on average. The property is located less than half a mile from Downtown Mobile, with close proximity to interstate access and Mardi Gras parade routes. Roof, plumbing, and electrical updates are approximately 8 years old. The lot size is 0.2389 acres.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Short term rental ...

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Mobile
County
Mobile
State
Alabama
Longitude
-88.068351
Latitude
30.678676

FAQs

What type of property is this?
Apartment building - Updated ten-unit apartment complex near Downtown Mobile.
Where is this apartment building located?
The property is located at 302 Michigan Ave Mobile, AL.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: - High income potential: Property generates approximately $8500 gross per month with near full occupancy.; - Mix of long-term and short-term rental income: Eight units with long-term leases and two units generating $1200/month each as short-term rentals.; - Updated and stabilized: Recent updates include roof, interior, lighting, kitchens, paint, and flooring.
More about this property
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