Mobile, AL 36606 16-22 Florida Street S
$1,199,900



19 more



















Presented By: Wellhouse Real Estate LLC - Mobile
Home Details
This 8-unit apartment complex offers an exceptional investment opportunity in Midtown Mobile, boasting a strong short-term and mid-term rental history and fully furnished accommodations. The property includes seven 2-bedroom 1-bathroom units and one 1 bedroom 1 bath unit as well as all current furnishings. Additionally, there is a well-equipped laundry center featuring two commercial washers and two commercial dryers, complete with storage for linens and owner 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 current business infrastructure 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, one water heater replaced in 2024, new exterior staircase and cosmetic updates to all 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.
Listing agent is related to the seller.
Presented By: Wellhouse Real Estate LLC - Mobile
Interior Features for 16-22 Florida Street S
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
Heating Y/NYes
Window FeaturesNone
General for 16-22 Florida Street S
AccessibilityNone
CityMobile
Community FeaturesNone
Construction MaterialsBrick
CoolingWall Unit(s)
CountyMobile - AL
Elementary SchoolLeinkauf
Energy EfficientNone
HeatingWall Unit(s)
High SchoolMurphy
LevelsTwo
Lot Size Square Feet10018.8
Lot Size UnitsSquare Feet
Middle/Junior High SchoolBooker T Washington
Number Of Units Total8
Occupancy TypeTenant
Property TypeResidential Income
RoofOther
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameFlorida Street Flats
Tax Annual Amount2667
TopographyLevel
UtilitiesCable Available, Electricity Available, Natural Gas Available, Sewer Available, Other
ViewCity
Waterfront FeaturesNone
Exterior for 16-22 Florida Street S
FencingNone
Lot FeaturesLevel, Rectangular Lot
Lot Size Acres0.23
Lot Size Area10018.8
Parking FeaturesParking Lot, Paved
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
Elementary School
Leinkauf Elementary School
Middle School
Booker T Washington Middle School
Sam Winter
Real Estate Agent
