Midtown Mobile Investment
For Sale
$1,199,900
16-22 Florida S Street, Mobile, AL 36606
Fully furnished 8-unit apartment complex with short-term rental history.
Property SizeContact for details
Days on Market125
Property Features for 16-22 Florida S Street
General Information
Standard status
Active
Property subtype
Multi Family
Listing Agency:
Wellhouse Real Estate LLC - Mobile
(251) 229-4714
Listed By:
Breanna Veth
(251) 229-4714
Source:
Exitrealty
Added: Apr 3
Changed: Jul 10
Last Checked: Aug 5 at 5:54AM
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 Wellhouse Real Estate LLC - Mobile
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).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
637
Businesses Nearby
Explore this area
Business Placement
Demographics for 36606, AL
19,042
Population
9,129
Households
2.1
Avg Household Size
35
Median Age
29%
College-Educated
89%
High-School Grad
6.8 sq mi
ZIP Area
2,800
Density / Sq Mi
$49,561
Median Household Income
$37,094
Median Earnings
$938
Median Rent
$141,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
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 Florida S 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).
