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Renovated High-Income Apartment Building

1300 Illinois Street, Mobile, AL 36604

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For Sale

$600,000

MULTI_FAMILY - Mobile, AL

Property size:

2,666 SF

Price / SF:

$225/SF

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.

We can help!

Listing Contact

Rameh Khazen

Learn more

For Sale

$600,000

MULTI_FAMILY - Mobile, AL

Property size:

2,666 SF

Price / SF:

$225/SF

Added:: Mar 6, 2026
Days on Market:: 102
Last Refresh:: Jun 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 5, Bedroom 4, Bedroom 5, Bedroom 1, Bathroom 3, Bathroom 2, Bathroom 4, Bedroom 6, Bathroom 6, Bedroom 2, Bathroom 1, Bedroom 3
Fireplace: 1
Appliances: Dishwasher, Refrigerator
Standard status: Active
APN: 29-10-27-2-003-007.
Size: 2,666 SF

Taxes and HOA fees

Tax Description: LOT 8 IN BLK 8 OF GLENDALE PARK REC IN DBK 61 P 316-17 ALSO THAT STRIP OF LAND LYING IMMEDIATELY E OF SD LOT 8 IN BLK 8 OF GLENDALE PARK BDED ON N BY A PROJ OF THE N/L OF SD LOT 8 BDED ON THE E BY THE PRESENT W/L OF ANN ST AND ON THE S BY THE S/L OF LOT 8 EXT BY LOT 8 #SEC 27 T4S R1W #MP29 10 27 2 0

Building Details

Floors in Building: 2
Flooring type: Wood
Roof type: Composition
Architectural style: Other

We can help!

Listing Contact

Rameh Khazen

Listing agent Rameh Khazen License #93507

Listing office Bellator Real Estate LLC Mobil 1428 Hillcrest Road, Daphne, AL

Listing date Mar 6, 2026

MLS# 392935 Listing URL

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.

Location Intelligence

Current Use by Public Records

Short term rental ...

Suggested Use

Location Insight

Map
Local Demand

City: Mobile
County: Mobile
State: Alabama
Longitude: -88.067881
Latitude: 30.672709

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For sale
Apartment buildings
AL
Mobile
36604
1300 Illinois Street

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.

1300 Illinois Street, Mobile, AL 36604

MULTI_FAMILY - Mobile, AL

Property Features for 1300 Illinois Street

General Information

Taxes and HOA fees

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Strip Center with Fenced Playground

Multi-Tenant Office Building For Sale

Freestanding Medical Office on Hillcrest

Multi-Suite Office Building

Medical Office Building

Two Triplex Buildings

Retail Cottage with Flexible Use

Updated Office Complex in Mobile

Mobile Office Building For Sale

Midtown 9-Unit Apartment Complex

Six-Unit Apartment Income Building

Former Pizza Hut Restaurant Building

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