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.
Property Type(s):
Multi Family
|
Last Updated
|
3/6/2026
|
Tract
|
Glendale Park
|
|
Year Built
|
0
|
County
|
Mobile - AL
|
SCHOOLS
| Elementary School |
Leinkauf |
| Jr. High School |
Calloway Smith |
| High School |
Lillie B Williamson |
Additional Details
| AIR |
Other |
| AIR CONDITIONING |
Yes |
| CONSTRUCTION |
Other |
| HEAT |
Other |
| LOT |
7331 sq ft |
| LOT DESCRIPTION |
Level |
| LOT DIMENSIONS |
50x140 |
| PARKING |
Parking Lot |
| SEWER |
Public Sewer |
| STORIES |
2 |
| SUBDIVISION |
Glendale Park |
| TAXES |
1664 |
| UTILITIES |
Cable Available, Electricity Available, Sewer Available, Water Available |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Other |
| WATER |
Public |
Location
Listing provided by Rameh Dickens Khazen with Bellator Real Estate LLC Mobile
All information provided is deemed reliable but is not guaranteed or warranted and should be independently verified. The data relating to real estate for sale on this web site comes in part from the IDX/RETS Program of the Gulf Coast Multiple Listing Service, Inc. IDX/RETSreal estate listings displayed which are held by other brokerage firms contain the name of the listing firm. The information being provided is for consumer’s personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2003 Gulf Coast Multiple Listing Service, Inc. All rights reserved.
This IDX solution is (c) Diverse Solutions 2026.
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