304 Michigan Ave Mobile, AL 36604

This listing consists of 3 adjacent income producing properties, located at 304 and 302 Michigan Avenue in the Historic Leinkauf District. This property has a newly installed sprinkler system and is very well maintained. These multi-unit properties consist of 9 apartments in Main House (304 Michigan) with a one bedroom, 1 bath apartment behind, and a 3 bedroom single family home at 302 Michigan. The 10 rented units are producing $ 650 each per month and the three bedroom unit at (302 Michigan) is rented for $ 650 per month. Some of the current tenants have been on the property for as much as 5 years. These properties have an annual income of $ 72,000, with a Net Income of $ 58,000. The properties are well maintained and conveniently located near schools, fast food restaurants and in a quiet neighborhood. The Seller is retiring and is offering all of his 13 income producing properties for sale, consisting of single family and multi-family units, that can be purchased individually or as a package of all 13 properties. For more information, contact the listing agent.