302 Michigan Ave Mobile, AL 36604
Leinkauf NeighborhoodAbout This Home
Updated and stabilized, ten unit apartment complex in Midtown Mobile! Updated roof, fresh interior and new lighting. All with neutral colored paint, and vinyl plank floors. The kitchens are updated with white cabinets and countertops. Seven units are studio apartments, two units are two bedrooms, and one unit is a three bedroom. Out of the ten units, eight are currently long term tenants with one year leases, two units are being utilized as short term rentals. The short term rental units are generating approx $1200 per month, per unit. The rents on the long term units vary by unit. Rent rolls available by request. Property is near full occupancy and generates around $8500 gross per month on average. This area has seen great improvement and has excellent future appreciation potential. Located less than half a mile from Downtown Mobile, close to interstate access and not far from Mardi Gras parade routes. Roofs, plumbing, and electrical updates are approximately 8 years old. Call for more information. All measurements are approximate and not guaranteed, buyer to verify.
Listing Agent
Rameh Dickens Khazen
Listed on: 02/09/2026
Map
Property Details
Home Type
Multi-Family
Lot Details
10,019 Sq Ft Lot
Listing Details
- Property Sub Type: Duplex
- Property Type: Residential Income
- Community Features: None
- Fencing: None
- Lot Features: Other
- LotSizeAcres: 0.2389
- Lot Size: 100x200
- View: Other
- Has View?: Yes
- Waterfront Features: None
- Waterfront?: No
- Co List Office Mls Id: GCMBELLA02
- Co List Office Phone: 251-343-7777
- Subdivision Name: Glendale Park
- Accessibility Features: None
- Has Cooling?: Yes
- Flooring: Hardwood, Vinyl
- Heating: Other
- Unit Levels: Two
- Efficiency: None
- Parcel #: 2910223003057
- GCMLS2_MlsPropertyType: Residential Income
- Special Features: None
Interior Features
- Window Features: None
Exterior Features
- Construction Type: Asbestos, Brick, Wood Siding
- Roof: Composition
Garage/Parking
- Parking Features: Parking Lot
Utilities
- Cooling: Other
- Heating Yn: Yes
- Sewer: Public Sewer
- Utilities: Electricity Available, Natural Gas Available
- Water Source: Public
Schools
- Elementary School: Leinkauf
- High School: Murphy
- Middle Or Junior School: Calloway Smith
Lot Info
- Lot Size Sq Ft: 10406.484
Multi Family
- Number Of Units Total: 10
Tax Info
- Tax Annual Amount: 928
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $980 | $14,620 | $8,380 | $6,240 |
| 2024 | $980 | $14,620 | $8,380 | $6,240 |
| 2023 | $980 | $13,820 | $8,320 | $5,500 |
| 2022 | $447 | $7,040 | $4,800 | $2,240 |
| 2021 | $447 | $7,040 | $4,800 | $2,240 |
| 2020 | $356 | $5,600 | $3,180 | $2,420 |
| 2019 | $361 | $5,680 | $3,180 | $2,500 |
| 2018 | $340 | $5,360 | $0 | $0 |
| 2017 | $340 | $5,360 | $0 | $0 |
| 2016 | $334 | $5,260 | $0 | $0 |
| 2013 | $391 | $6,040 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/09/2026 02/09/26 | For Sale | $715,000 | +23.3% | -- | |
| 10/09/2024 10/09/24 | Sold | $580,000 | 0.0% | $863 / Sq Ft | View Prior Sale |
| 09/24/2024 09/24/24 | Pending | -- | -- | -- | |
| 09/20/2024 09/20/24 | Price Changed | $580,000 | -10.8% | $863 / Sq Ft | |
| 09/19/2024 09/19/24 | For Sale | $649,900 | -- | $967 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $580,000 | None Listed On Document | |
| Trustee Deed | $404,021 | None Listed On Document | |
| Warranty Deed | $330,000 | Dst | |
| Warranty Deed | $7,500 | -- |
Source: Gulf Coast MLS (Mobile Area Association of REALTORS®)
MLS Number: 7716480
APN: 29-10-22-3-003-057
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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