This 8-unit apartment complex offers an exceptional investment opportunity in Midtown Mobile, boasting a strong short-term and mid-term rental history and fully furnished accommodations. The property includes seven 2-bedroom 1-bathroom units and one 1 bedroom 1 bath unit as well as all current furnishings. Additionally, there is a well-equipped laundry center featuring two commercial washers and two commercial dryers, complete with storage for linens and owner supplies. All appliances and furnishings will remain, making this a turn-key investment opportunity for both local and out of state investors. The current owners will include the current business infrastructure with the sale, along with contacts for the laundry, maintenance, landscape, and cleaning services they currently employ. This listing encompasses four parcels that will be sold as a package deal, including 16, 18, 20, and 22 South Florida Street. There is ample space behind each building for potential future development or expansion. Because each duplex is on its own parcel the property is eligible for traditional 30-year financing and does not require commercial financing. Recent updates add to the appeal of this investment; the roof was replaced in 2022, one water heater replaced in 2024, new exterior staircase and cosmetic updates to all interiors. These modern amenities enhance the overall value and desirability of this Midtown gem. Don't miss this opportunity to secure a strong investment in a prime location with a promising rental history and room for future growth.
Listing agent is related to the seller.
Property Type(s):
Multi Family
|
Last Updated
|
4/2/2026
|
Tract
|
Florida Street Flats
|
|
Year Built
|
0
|
County
|
Mobile - AL
|
SCHOOLS
| Elementary School |
Leinkauf |
| Jr. High School |
Booker T Washington |
| High School |
Murphy |
Additional Details
| AIR |
Wall Unit(s) |
| AIR CONDITIONING |
Yes |
| CONSTRUCTION |
Brick |
| LOT |
10019 sq ft |
| LOT DESCRIPTION |
Level, Rectangular Lot |
| PARKING |
Parking Lot, Paved |
| SEWER |
Public Sewer |
| STORIES |
2 |
| SUBDIVISION |
Florida Street Flats |
| TAXES |
2667 |
| UTILITIES |
Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Other |
| VIEW |
Yes |
| VIEW DESCRIPTION |
City |
| WATER |
Public |
Location
Listing provided by Breanna Veth with Wellhouse 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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