Midtown Mobile Apartment
302 Michigan Avenue, Mobile, AL 36604
- Added:
- Feb 9, 2026
- Days on Market:
- 112
- Last Refresh:
- Jun 1 at 9:06 pm
Property Features for 302 Michigan Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 2910223003057
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Annual Amount
- 928
Utilities
- Utilities
- Natural Gas Available
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Floors in Building
- 2
- Number of units
- 10
- Flooring type
- Vinyl, Hardwood
- Building materials
- Asbestos, Brick, Wood Siding
- Roof type
- Composition
Listing agent Rameh Dickens Khazen License #93507 (251) 786-4673
Listing office Bellator Real Estate LLC Mobile Spanish Fort, AL (251) 343-7777
Listing date Feb 9, 2026
MLS# 7716480
Listing URL
Copyright © 2026 Mobile Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High income potential: Property generates approximately $8500 gross per month with near full occupancy.
- Mix of long‑term and short‑term rental income: Eight units with long‑term leases and two units generating $1200/month each as short‑term rentals.
- Updated and stabilized: Recent updates include roof, interior, lighting, kitchens, paint, and flooring.
- Diverse unit mix: Features studio, two‑bedroom, and three‑bedroom apartments.
- Prime location: Less than half a mile from Downtown Mobile, close to interstate access and Mardi Gras parade routes.
- Good appreciation potential: Located in an area with great improvement and excellent future appreciation potential.
Overview
This is a stabilized ten-unit apartment complex located in Midtown Mobile. The property has an updated roof, fresh interior, and new lighting. The units feature neutral-colored paint and vinyl plank floors. Kitchens are updated with white cabinets and countertops. The unit mix 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 property is near full occupancy and generates around $8500 gross per month on average. The property is located less than half a mile from Downtown Mobile, with close proximity to interstate access and Mardi Gras parade routes. Roof, plumbing, and electrical updates are approximately 8 years old. The lot size is 0.2389 acres.
Property Profile
Location Intelligence
Current Use by Public Records
Short term rental ...
Location Insight
- Map
- Local Demand
- City
- Mobile
- County
- Mobile
- State
- Alabama
- Longitude
- -88.068351
- Latitude
- 30.678676
Nearby Similar for Sale
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 income potential: Property generates approximately $8500 gross per month with near full occupancy.; Mix of long‑term and short‑term rental income: Eight units with long‑term leases and two units generating $1200/month each as short‑term rentals.; Updated and stabilized: Recent updates include roof, interior, lighting, kitchens, paint, and flooring.
