$699,000

Estimated payment $3,792/month

-- Beds
-- Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

Look no further for a strong investment opportunity featuring three buildings with a total of 10 units, providing multiple income streams and excellent potential for continued cash flow. Eight units are occupied by long-term tenants, offering stable, consistent rental income, while two ADUs operate as Airbnb rentals, providing additional short-term rental revenue and flexibility.

The property currently generates over $8,000 in gross monthly income, making this an attractive opportunity for investors seeking an established income-producing asset. The diversified rental model combines the stability of long-term leases with the earning potential of short-term rentals. Current owner has also completed significant upgrades to the property. The two ADU buildings that house the AirBNB rentals have been completely remodeled and are fully furnished. New floors, subfloor, appliances, new PEX water lines, tankless water heater in Unit 10, mini split and brand new shower in Unit 9. New shower installed in unit 1. Sewer plumbing has been updated in the main building with additional clean outs added.

With 10 total units across three buildings, this property offers scale, built-in income diversification, and potential for future growth. A compelling addition to any investment portfolio—schedule your private showing today!

Listing Agent

Breanna Veth

Wellhouse Real Estate LLC - Mobile Listed on: 08/26/2026

Co-Listing Agent

Dana Veth

Wellhouse Real Estate LLC - Mobile

Map

Property Details

Home Type

Multi-Family

Year Built

1982

Lot Details

10,406 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Community Features: None
  • Fencing: None
  • Lot Features: Corner Lot
  • LotSizeAcres: 0.2389
  • View: City
  • Has View?: Yes
  • Waterfront Features: None
  • Waterfront?: No
  • Co List Office Mls Id: GCMWELLHOUSE
  • Co List Office Phone: 251-230-5008
  • Co List Office Mls Id: GCMWELLHOUSE
  • Co List Office Phone: 251-230-5008
  • Subdivision Name: Glendale Park
  • Accessibility Features: None
  • Has Cooling?: Yes
  • Heating: Wall Unit(s)
  • Unit Levels: Two
  • Efficiency: None
  • Year Built: 1982
  • GCMLS2_MlsPropertyType: Residential Income
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Window Features: None

Exterior Features

  • Construction Type: Asbestos
  • Roof: Shingle

Garage/Parking

  • Parking Features: Parking Lot, Paved

Utilities

  • Cooling: Ceiling Fan(s), Wall Unit(s), Window Unit(s)
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water 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

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/26/2026 08/26/26 For Sale $699,000 +20.5% --
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
Source: Gulf Coast MLS (Mobile Area Association of REALTORS®)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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: Public Records

Source: Gulf Coast MLS (Mobile Area Association of REALTORS®)

MLS Number: 7829544

Gulf Coast MLS (Mobile Area Association of REALTORS®)

APN: 29-10-22-3-003-057

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