For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
The Largest CRE Database in the US with Over 1 Million Listings

302 Michigan Avenue Mobile, AL 36604

View on Map
Claim this Listing
Loading data...
Loading data...
Loading data...
For Sale
$715,000

Updated ten-unit apartment complex near Downtown Mobile.

Type:Multi Family
Added:
Feb 10, 2026
Days on Market:
67
Last Refresh:
Apr 7 at 10:53 pm

Property Features for 302 Michigan Avenue

General Information

Standard status
Active
Property subtype
Multi Family

We can help!

Listing Contact
Rameh Dickens Khazen
Rameh Dickens Khazen

Listing agent Rameh Dickens Khazen License #93507

Listing office Bellator Real Estate LLC Mobile

Listing date Feb 10, 2026

Source Exitrealty

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 Bellator Real Estate LLC Mobile


Overview

Midtown Mobile Ten-Unit Apartment Complex

This updated and stabilized ten-unit apartment complex is located in Midtown Mobile. The property features a newer roof, fresh interiors, and new lighting. The units are finished with neutral-colored paint and vinyl plank floors. Kitchens have been updated with white cabinets and countertops. The complex includes seven studio apartments, two two-bedroom units, and one three-bedroom unit. Eight units are occupied by long-term tenants with one-year leases, while two units are utilized as short-term rentals, generating approximately $1200 per month per unit. The long-term unit rents vary. The property is near full occupancy and generates around $8500 gross per month on average. Roofs, plumbing, and electrical updates are approximately 8 years old. The property is located less than half a mile from Downtown Mobile, close to interstate access, and not far from Mardi Gras parade routes, with excellent future appreciation potential.
Location Intelligence

Current Use by Public Records

Short term rental ...

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Mobile
County
Mobile
State
Alabama
Longitude
-88.06835
Latitude
30.678677

FAQs

What type of property is this?
Apartment building - Updated ten-unit apartment complex near Downtown Mobile.
Where is this apartment building located?
The property is located at 302 Michigan Avenue Mobile, AL.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: High occupancy rate generating approximately $8500 gross monthly income.; Two units generate approximately $1200 per month each as short‑term rentals.; Updated units feature neutral paint, vinyl plank floors, white cabinets, and countertops.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message