Completely Renovated Short-Term
For Sale
Contact for pricing
304 Michigan Ave, Mobile, AL 36604
Completely renovated for low-maintenance operation with new HVAC, plumbing, electrical, flooring, windows, and roof.
Property SizeContact for details
Days on Market123
Property Features for 304 Michigan Ave
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Multifamily Units
10
Listing Agency:
SVN Toomey Property Advisors
(251) 544-5484
Listed By:
Justin Toomey · License #AL 000087782
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 11:19AM
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 SVN Toomey Property Advisors
Investment Insights
Based on property information with market context.
This completely renovated short-term rental property is designed for easier day-to-day maintenance, with new HVAC systems, plumbing fixtures, electrical fixtures, floors, windows, and roof. The owner reports the property currently produces net income of $8,000 per month, and the offering is positioned for strong short-term stays.
Located at 304 Michigan Ave, Mobile, AL 36604, the property is marketed toward travelers who want more space than a hotel, with the remarks emphasizing its Midtown location relative to nearby hotels.
The seller’s remarks further note that planned Downtown Airport expansion is expected to support additional rent growth and demand in the Midtown area.
Located at 304 Michigan Ave, Mobile, AL 36604, the property is marketed toward travelers who want more space than a hotel, with the remarks emphasizing its Midtown location relative to nearby hotels.
The seller’s remarks further note that planned Downtown Airport expansion is expected to support additional rent growth and demand in the Midtown area.
Key Highlights
- Completely renovated with new HVAC systems, plumbing fixtures, electrical fixtures, floors, windows, and roof
- Verified net income of $8,000 per month (as stated by the owner)
- Configured to appeal to STR guests seeking more space than a hotel for a rate of $65 per night
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
445
Businesses Nearby
Explore this area
Business Placement
Demographics for 36604, AL
8,798
Population
5,032
Households
1.7
Avg Household Size
40
Median Age
42%
College-Educated
93%
High-School Grad
2.6 sq mi
ZIP Area
3,384
Density / Sq Mi
$60,750
Median Household Income
$37,926
Median Earnings
$892
Median Rent
$236,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Short term rental property - Completely renovated for low-maintenance operation with new HVAC, plumbing, electrical, flooring, windows, and roof.
Where is this short term rental property located?
The property is located at 304 Michigan Ave Mobile, AL.
What are key features of this property?
This property features: Completely renovated with new HVAC systems, plumbing fixtures, electrical fixtures, floors, windows, and roof; Verified net income of $8,000 per month (as stated by the owner); Configured to appeal to STR guests seeking more space than a hotel for a rate of $65 per night
