Available
$650,000(ARV: $850,000)76% of ARV

Mobile County, Mobile, AL 36604

15 bd10 ba3,500 sfBuilt 1982

1 day ago

Gross spread$200,000

Description

FOR MORE INFO CALL OR TEXT CHANDLER @ [contact details hidden] 302–304 Michigan Ave, Mobile, AL 36604 Wholesale Price: $650,000 ($65k/Unit) Property Details: 10-Unit Multifamily Investment Opportunity 10 Units Across 3 Buildings 8 Long-Term Rental Units 2 Airbnb Units (Studio & 3-Bedroom) Closing: On or Before 11/20/2026 Title: Crane Title Inc. Financials: Current Gross Income: $9,000–$10,000/Month Annual Gross Income: $108K–$120K 4 Vacant Units – Significant Rental Upside Projected Stabilized NOI: ~$70K/Year Projected Cap Rate: ~11% Income-Producing Property With Value-Add Potential Photo Link/Rent Rolls: [contact details hidden] PURCHASE TERMS: Cash, Hard Money, or Non-Contingent Financing Only Non-Refundable Earnest Money Deposit (Refundable if Clear Title Cannot Be Conveyed) Buyer Pays All Closing Costs Sold Strictly AS-IS No Option Period Buyers must conduct their own due diligence before signing a contract. ARV is an estimate and is not guaranteed. INTERESTED? CALL OR TEXT CHANDLER! [contact details hidden] VIEW MY OTHER AVAILABLE DEALS: [contact details hidden] First Come, First Served – Reach Out Today!

$/sqft vs market

This deal$186/sqft
Market median$116/sqft
Difference+60% above

Median of 54 comparable listings matched on city. A narrow sample moves a lot; read it as context, not as a valuation.

Property

Bedrooms15
Bathrooms10
Square feet3,500
Lot size9,496 sf
Year built1982
ConditionLight Rehab
OccupancyTenant Occupied
ParkingOff street

Systems & condition

HeatingFurnace
Air conditioningCentral AC
FoundationSlab
Foundation conditionGood

Self-reported by the seller. Not inspected.

Property information

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