16-22 S Florida Street Mobile, AL 36606

Listing Agency Wellhouse Real Estate LLC - Mobile Show Phone

Listed by Breanna Veth Show Phone

Source Exitrealty

Added: Apr 3 Checked: Jul 17 at 5:08 am

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Investment Insights

Based on property information with market context.

This 8-unit apartment complex in Midtown Mobile presents an investment opportunity, featuring a short-term rental history and fully furnished accommodations. The property comprises seven 2-bedroom, 1-bathroom units and one 1-bedroom, 1-bathroom unit. A laundry center is equipped with two commercial washers and two commercial dryers, along with storage space for linens and supplies. All appliances and furnishings are included. The sale includes a direct booking website and contacts for laundry, maintenance, landscape, and cleaning services. The listing includes four parcels to be sold as a package deal, located at 16, 18, 20, and 22 South Florida Street. There is space behind each building for potential future development or expansion. The property is eligible for traditional 30-year financing. Recent updates include a roof replacement in 2022, replacement of three water heaters in the last two years, a new exterior staircase, and cosmetic interior updates.

Key Highlights

• Strong short‑term rental history in Midtown Mobile.
• Turn‑key investment: fully furnished units, appliances included, direct booking website, and service contacts provided.
• Eligible for traditional 30‑year financing (not commercial).

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FAQs

What type of property is this?

Apartment building - Fully furnished 8-unit apartment complex with short-term rental history.

Where is this apartment building located?

The property is located at 16-22 S Florida Street Mobile, AL.

What is the asking price?

The asking price for this property is $1,199,900.

What are key features of this property?

This property features: Strong short‑term rental history in Midtown Mobile.; Turn‑key investment: fully furnished units, appliances included, direct booking website, and service contacts provided.; Eligible for traditional 30‑year financing (not commercial).