AL
Mobile - AL
Mobile
36606
16-22 S Florida Street
16-22 S Florida Street, Mobile, AL 36606
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Listing Type
Multi Family
Listing Status
Active
24
$1,270,000

Home Details for 16-22 S Florida Street

Price
$1,270,000
Type
Residential Income
Lot size acres
0.23
County
Mobile - AL
MLS Listing#
7746569
Property Description

This 8-unit apartment complex offers an exceptional investment opportunity in Midtown Mobile, boasting a strong short-term rental history and fully furnished accommodations. The property includes seven 2-bedroom 1-bathroom units and one 1 bedroom 1 bath unit. Additionally, there is a well-equipped laundry center featuring two commercial washers and two commercial dryers, complete with storage for linens and 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 direct booking website 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, three water heaters have been replaced in the last two years, new exterior staircase and cosmetic updates to 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.

Property Features
  • Utilities
    • Cable Available
    • Electricity Available
    • Natural Gas Available
    • Sewer Available
    • Other
  • Parking
    • Parking Lot
    • Paved
  • Cooling Information
    • Wall Unit(s)
  • Water Features
    • Public
School Information
School Information for 16-22 S Florida Street, Mobile, AL 36606
Elementary School
Leinkauf
Middle School
Booker T Washington
High School
Murphy
Listing Courtesy: Wellhouse Real Estate LLC - Mobile - 251-230-5008
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Market statistics compiled from data from Gulf Coast MLS / Mobile Area Association of REALTORS(R).
EXIT REALTY PROMISE
759 Downtowner Loop W., Mobile, AL 36609
Office
251 450 1481
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