302 Michigan Avenue
Mobile, AL 36604
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Bed
0
Bath
10,406.48Sqft(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Room Information
Window Feature: None -
Roofing Information
Shingle -
Interior Features
Roof: Shingle -
Heating & Cooling
Heating: Wall Unit(s) Cooling: Ceiling Fan(s), Wall Unit(s), Window Unit(s) WaterSource: Public
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Building Information
Year Built: 1982 Construction Materials: Asbestos -
Fencing
None
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Lot Information
Lot Description: Corner Lot Lot Size Area: 10406.484 Lot Size Units: Square Feet Lot Square Feet: 10,406 Lot Acres: 0.2389 Waterfront: None Main Square Feet: 10406.484Property Information
Property Type: Residential Income Subdivision: Glendale Park
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Tax Information
Annual Tax: $928
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Parking Information
Parking Total: 2 Parking Lot, Paved
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Elementary School: LeinkaufJunior High School: Calloway SmithSenior High School: Murphy
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Utility Information
Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 936 Government Street, Mobile, AL, 36604 | $613,600 | 1 | 1.5 | 1,698 | 6,054.84 Sqft |
| 109 Marine Street, Mobile, AL, 36604 | $485,800 | 2 | 2 | 1,115 | 6,316.20 Sqft |
| 453 Marine Street, Mobile, AL, 36604 | $465,000 | 3 | 2 | 1,747 | 6,364.12 Sqft |
| 356 Marine Street, Mobile, AL, 36604 | $275,000 | 3 | 1 | 1,224 | 7,884.36 Sqft |
| 760 Marine Street, Mobile, AL, 36604 | $260,000 | 4 | 2 | 2,200 | 8,729.42 Sqft |
| 962 Government Street, Mobile, AL, 36604 | $199,000 | 6 | -- | 4,620 | 14,845.25 Sqft |
| 359 Chatham Street, Mobile, AL, 36604 | $200,000 | 2 | 1 | 900 | 3,057.91 Sqft |
| 1010 Texas Street, Mobile, AL, 36604 | $424,500 | 2 | 2 | 1,387 | 5,218.49 Sqft |
| 1010 Montgomery Street, Mobile, AL, 36604 | $40,000 | 2 | 1 | 797 | 2,591.82 Sqft |
| 1054 Elmira Street, Mobile, AL, 36604 | $286,500 | 2 | 2 | 1,008 | 6,216.01 Sqft |
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ByOwner last updated this listing 09/02/2026 @ 13:25
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