Refine Search
Sort by
$435,000
6 Beds 3 Baths 394407 MLS
Six unit apartment building currently generating over $5,500 per month in gross rent. This building is composed of five long term rental units, and one short term rental unit. Building has been partially renovated with room to update some units and increase rents. This building is located on Michigan Avenue, which will be the corridor to both the interstate for Midtown and the route to the new Mobile International Airport. Currently under professional management great for out of town buyers. This building will generate income from closing day forward. Just a few of the updates done over the last few years include three updated mini split air conditioners, main panel upgrade in 2022, and a partial replumb including sewer lines. This included the majority of plumbing fixtures as well. An exterior paint job and landscaping was also done approx 2023. Building is comprised of four, one bed, one bath units, and two studios. Call for more information today. Buyer to verify all information during due diligence.

207 Michigan Ave, Mobile

Listing courtesy of Bellator Real Estate LLC Mobile.

$464,900
4 Beds 4 Baths 7745499 MLS
Step into timeless elegance with this stunning historic home, built in 1902 and located in the highly sought-after Lienkauf Historic District. Boasting over 3,000 square feet, this spacious residence blends classic charm with modern comfort. Inside, you'll find beautiful original wood floors, soaring 10-12 ft ceilings, and authentic brass door knobs that preserve the homes historic character. The property is well insulated for year-round efficiency and features Hunter ceiling fans throughout for added comfort. Enjoy relaxing mornings or entertaining evenings on the fully covered back porch and balcony overlooking a generous yard complete with an irrigation meter and an above-ground pool with a brand-new liner perfect for warm southern days. There is also a spacious covered 2 car carport. Conveniently situated just down the street from the new airport, this home offers both accessibility and neighborhood charm. With ample space and endless potential, there's plenty of room to make it your own while staying within budget. This home is being sold as is/where is. Buyer/buyer's agent to verify all information deemed important.

350 Michigan, Mobile

Listing courtesy of Keller Williams Mobile.

$185,000
2 Beds 2 Baths 7736618 MLS
Great opportunity to remodel and customize a beautiful midtown home! This home has plenty of room to create equity and have exactly what you want. With beautiful curb appeal and lots of potential. Located just across the street from Crawford Park, which offers a dog park, running trails, zip lines and more. The home does need work, as it has deferred maintenance and a plumbing leak caused the back bonus room to flood. The house has all the features you would expect from a historic home with great trim, high ceilings and more. The primary bedroom is easily the size of two regular sized bedrooms, with a great view overlooking Ann Street and the surrounding community. Buyer to verify all information during due diligence.

352 Ann, Mobile

Listing courtesy of Bellator Real Estate LLC Mobile.

$435,000
7735622 MLS
Six unit apartment building currently generating over $5,500 per month in gross rent. This building is composed of five long term rental units, and one short term rental unit. Building has been partially renovated with room to update some units and increase rents. This building is located on Michigan Avenue, which will be the corridor to both the interstate for Midtown and the route to the new Mobile International Airport. Currently under professional management so perfect for out of town buyers. This building will generate income from closing day forward. Just a few of the updates done over the last few years include three updated mini split air conditioners, main panel upgrade in 2022, and a partial replumb including sewer lines. This included the majority of plumbing fixtures as well. An exterior paint job and landscaping was also done approx 2023. Building is comprised of four, one bed, one bath units, and two studios. Call for more information today.

207 Michigan, Mobile

Listing courtesy of Bellator Real Estate LLC Mobile.

$600,000
7730097 MLS
Renovated six-unit, high-income producing apartment building offering a strong and diversified income stream. The property consists of four fully furnished short-term rental units and two long-term rentals, creating an attractive blend of stable tenancy and higher-yield short-term rental income. The short-term units are professionally furnished with updated furniture, bedding, and supplies and are currently operating at near full occupancy, while the two long-term units are leased to reliable tenants providing consistent baseline income. The property also features a coin-operated laundry facility that provides additional income. The building is professionally managed and has been a strong performer, generating average gross rents of over $7,000 per month. Significant capital improvements were completed in 2024, including new roofs, updated electrical systems, and updated plumbing. Nearly all units also received new flooring or refinished hardwood floors, along with new appliances, new PTAC-style HVAC units, and updated water heaters. With most major systems and interior improvements already addressed, the property has been stabilized and positioned for continued strong performance with minimal deferred maintenance. The surrounding area continues to see substantial growth and investment. With the relocation of the Mobile International Airport, the area is experiencing increased development, job creation, and infrastructure improvements, which are expected to further drive housing demand and long-term property values. This is a rare opportunity to acquire a stabilized, income-producing multifamily asset with strong current cash flow and additional upside potential in a rapidly improving area. All measurements are approximate and not guaranteed, buyer to verify.

1300 Illinois, Mobile

Listing courtesy of Bellator Real Estate LLC Mobile.

$161,000
7722207 MLS
Located in a well-established residential corridor just minutes from downtown Mobile, 1561 Illinois Street presents an excellent opportunity for investors seeking both immediate rental income and long-term appreciation. This property benefits from convenient access to major employment centers, transportation routes, shopping, dining, and the thriving downtown waterfront. The home is positioned in an area experiencing continued growth and revitalization, making it attractive to both tenants and future buyers. Its strategic location supports consistent rental demand and offers investors flexibility for long-term hold, renovation and repositioning, or portfolio expansion. Whether you're a seasoned investor or expanding your real estate holdings, this property offers strong fundamentals, desirable location, and excellent upside potential.

1561 Illinois, Mobile

Listing courtesy of IXL Real Estate LLC.

Copyright© 2016 by the Multiple Listing Service of the Pensacola Association of REALTORS® This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

© Baldwin County Association of Realtors, Inc. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocitysm Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on .