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About This Home
This 0-bedroom, 0-bathroom residential multi family at 207 Michigan Avenue in Mobile, AL is listed for $475,000. Built in 1977, on a 0.14 acres lot.
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.
Key Features
- Built in 1977
- 0.14 acre lot
- 2 stories
- 6 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$2,540/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
207 Michigan Avenue
Mobile, AL 36604
Glendale Park
Property Details
Flooring
Construction
Views
Parking
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 207 Michigan Avenue is listed at $475,000. The estimated monthly payment is $2,058 based on 20% down at 6.5% interest.
Key features include: Built in 1977, 0.14 acre lot, 2 stories, 6 parking spaces.
This property is listed by Rameh Dickens Khazen and can be reached at 2517864673 or rkhazen@gobellator.com.
