207 Michigan Avenue Mobile, AL 36604

Building Details

Year Built

1977

Listing Agency Bellator Real Estate LLC Mobil r***@goBellator.com Show Phone

Listed by Rameh Khazen · License #93507 Show Phone

Source Exitrealty

Added: Apr 3 Checked: Jul 17 at 3:36 am

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Investment Insights

Based on property information with market context.

This six-unit apartment building generates over $5,500 per month in gross rent. The property features five long-term rental units and one short-term rental unit. Partial renovations have been completed, with opportunities to update additional units and increase rents. Located on Michigan Avenue, the building benefits from its position on the corridor to the interstate for Midtown and the route to the new Mobile International Airport. Recent updates include three mini-split air conditioners, a main panel upgrade in 2022, and a partial replumb including sewer lines and the majority of plumbing fixtures. Exterior paint and landscaping were completed around 2023. The building comprises four one-bedroom, one-bathroom units and two studios. The property is currently under professional management, making it suitable for out-of-town buyers. The building size is 5,911 square feet.

Key Highlights

• Generates over $5,500 per month in gross rent.
• Diversified income with a mix of long‑term and short‑term rental units.
• Located on Michigan Avenue, a corridor to the interstate and the new Mobile International Airport.

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FAQs

What type of property is this?

Apartment building - Six-unit apartment building with income potential near Mobile International Airport.

Where is this apartment building located?

The property is located at 207 Michigan Avenue Mobile, AL.

What is the asking price?

The asking price for this property is $475,000.

What are key features of this property?

This property features: Generates over $5,500 per month in gross rent.; Diversified income with a mix of long‑term and short‑term rental units.; Located on Michigan Avenue, a corridor to the interstate and the new Mobile International Airport.