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$185,000
2 Beds 2 Baths 393633 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 S Ann St, Mobile

$600,000
6 Beds 6 Baths 392935 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. This is an equitable interest listing where seller is selling only an option contract or assigning an interest in a contract, such as a purchase and sale agreement or a contract for deed. Year built is unknown. This

1300 Illinois St, Mobile

© 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 .