Renovated Multifamily Investment
1300 Illinois Street, Mobile, AL 36604
- Added:
- Mar 6, 2026
- Days on Market:
- 78
- Last Refresh:
- May 23 at 5:06 pm
Property Features for 1300 Illinois Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Parking features
- Driveway, Parking Lot
- Fencing
- Fenced
- Standard status
- Active
- APN
- 2910272003007
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1664
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Floors in Building
- 2
- Number of units
- 6
- Flooring type
- Hardwood
- Roof type
- Shingle
Listing agent Rameh Dickens Khazen License #93507 (251) 786-4673
Listing office Bellator Real Estate LLC Mobile Spanish Fort, AL (251) 343-7777
Listing date Mar 6, 2026
MLS# 7730097
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.
HighLights
- High‑income producing six‑unit apartment building with diversified income.
- Substantial capital improvements completed in 2024, including new roofs, updated electrical and plumbing systems, new flooring/refinished hardwood floors, new appliances, new HVAC units, and updated water heaters.
- Professionally furnished short‑term rental units operating at near full occupancy.
- Stabilized property with minimal deferred maintenance, positioned for continued strong performance.
- Located in a rapidly improving area experiencing increased development, job creation, and infrastructure improvements due to the relocation of the Mobile International Airport.
- Coin‑operated laundry facility provides additional income.
Overview
This renovated six-unit apartment building offers a diversified income stream. The property features 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. The lot size is 0.1683 acres.
Property Profile
Location Intelligence
Current Use by Public Records
Short term rental ...
Location Insight
- Map
- Local Demand
- City
- Mobile
- County
- Mobile
- State
- Alabama
- Longitude
- -88.067877
- Latitude
- 30.672694
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - High-income producing six-unit apartment building with diversified income streams.
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.; Substantial capital improvements completed in 2024, including new roofs, updated electrical and plumbing systems, new flooring/refinished hardwood floors, new appliances, new HVAC units, and updated water heaters.; Professionally furnished short‑term rental units operating at near full occupancy.
