Renovated Income-Producing Apartment
1300 Illinois Street, Mobile, AL 36604
Six-unit apartment building with short-term and long-term rental income.
Type:Multi Family
- Added:
- Mar 6, 2026
- Days on Market:
- 88
- Last Refresh:
- Apr 7 at 10:55 pm
Property Features for 1300 Illinois Street
General Information
- Standard status
- Active
- Property subtype
- Multi Family
Listing agent Rameh Dickens Khazen License #93507 (251) 786-4673
Listing office Bellator Real Estate LLC Mobile (251) 786-4673
Listing date Mar 6, 2026
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Bellator Real Estate LLC Mobile
HighLights
- High‑income producing six‑unit apartment building with diversified income stream from short‑term and long‑term rentals.
- Significant capital improvements completed in 2024: new roofs, updated electrical, plumbing, flooring, appliances, HVAC units, and water heaters.
- Professionally furnished short‑term rental units operating at near full occupancy.
- Professionally managed and stabilized property generating average gross rents of over $7,000 per month.
- Coin‑operated laundry facility provides additional income.
- Located in a rapidly improving area experiencing increased development and job creation due to the relocation of the Mobile International Airport.
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 are operating 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 has been stabilized and 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. This multifamily asset offers current cash flow and additional upside potential in a rapidly improving area.
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
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FAQs
What type of property is this?
Apartment building - Six-unit apartment 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 from short‑term and long‑term rentals.; Significant capital improvements completed in 2024: new roofs, updated electrical, plumbing, flooring, appliances, HVAC units, and water heaters.; Professionally furnished short‑term rental units operating at near full occupancy.
