Mobile, AL 36604 1300 Illinois Street
$600,000



16 more
















Presented By: Bellator Real Estate LLC Mobile
Home Details
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.
Presented By: Bellator Real Estate LLC Mobile
Interior Features for 1300 Illinois Street
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringHardwood
Heating Y/NYes
Window FeaturesNone
General for 1300 Illinois Street
AccessibilityNone
CityMobile
Community FeaturesNone
Construction MaterialsOther
CoolingOther
CountyMobile - AL
Elementary SchoolLeinkauf
Energy EfficientNone
HeatingOther
High SchoolLillie B Williamson
LevelsTwo
Lot Size Square Feet7331.148
Lot Size UnitsSquare Feet
Middle/Junior High SchoolCalloway Smith
Number Of Units Total6
Occupancy TypeTenant
Property TypeResidential Income
RoofShingle
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameGlendale Park
Tax Annual Amount1664
TopographyLevel
UtilitiesCable Available, Electricity Available, Sewer Available, Water Available
ViewOther
Waterfront FeaturesNone
Exterior for 1300 Illinois Street
FencingFenced
Lot Dimensions50x140
Lot FeaturesLevel
Lot Size Acres0.1683
Lot Size Area7331.148
Parking FeaturesLevel Driveway, Parking Lot
Total Parking8
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Lillie B Williamson High School
Sam Winter
Real Estate Agent
