For Sale Multi-Family MLS# 7829544

302 Michigan Avenue

Mobile, AL 36604

$699,000

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Listing Office

Officegulf-coast-multiple-listing-service logoWellhouse Real Estate LLC - Mobile
AgentBreanna Veth

About 302 Michigan Avenue

Look no further for a strong investment opportunity featuring three buildings with a total of 10 units, providing multiple income streams and excellent potential for continued cash flow. Eight units are occupied by long-term tenants, offering stable, consistent rental income, while two ADUs operate as Airbnb rentals, providing additional short-term rental revenue and flexibility.

The property currently generates over $8,000 in gross monthly income, making this an attractive opportunity for investors seeking an established income-producing asset. The diversified rental model combines the stability of long-term leases with the earning potential of short-term rentals. Current owner has also completed significant upgrades to the property. The two ADU buildings that house the AirBNB rentals have been completely remodeled and are fully furnished. New floors, subfloor, appliances, new PEX water lines, tankless water heater in Unit 10, mini split and brand new shower in Unit 9. New shower installed in unit 1. Sewer plumbing has been updated in the main building with additional clean outs added.

With 10 total units across three buildings, this property offers scale, built-in income diversification, and potential for future growth. A compelling addition to any investment portfolio—schedule your private showing today!

Property details

Property

Type
multi
Year built
1982
Lot
0.2389 ac
List date
Aug 26, 2026

Schools

District
Mobile County School District

Location

Subdivision
Glendale Park
Neighborhood
Leinkauf

Location

Neighborhood
Leinkauf
Subdivision
Glendale Park
School district
Mobile County School District

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Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.