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1300 Illinois Street Mobile, AL 36604

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For Sale
$600,000

Six-unit apartment building with short-term and long-term rental income.

Type:Multi Family
Added:
Mar 6, 2026
Days on Market:
43
Last Refresh:
Apr 7 at 10:55 pm

Property Features for 1300 Illinois Street

General Information

Standard status
Active
Property subtype
Multi Family

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Listing Contact
Rameh Dickens Khazen
Rameh Dickens Khazen

Listing agent Rameh Dickens Khazen License #93507

Listing office Bellator Real Estate LLC Mobile

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


Overview

Renovated Income-Producing Apartment Building

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 ...

Suggested Use

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

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

Location Insight

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City
Mobile
County
Mobile
State
Alabama
Longitude
-88.0678919
Latitude
30.672683

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.
More about this property
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