$89,900

616 Masterson Ave Mobile, AL 36611

Estimated payment $516/month

3 Beds
1 Bath
900 Sq Ft
$100 Price per Sq Ft

About This Home

Investor Special – 3 Bed / 1 Bath | Meets & Beats the 1% Rule | Day-One Cash Flow Fantastic opportunity for investors! This 3-bedroom, 1-bath property is already cash flowing from day one, with a stable tenant paying $1,000/month and wishing to remain—offering immediate, reliable income. The home is in well-kept condition with solid bones, making it a strong, low-maintenance addition to any rental portfolio. Situated on a nice-sized lot with a carport, the property offers extra appeal for both current and future tenants. Strong rental demand in the area combined with a purchase price that meets—and beats—the 1% rule makes this an exceptional investment. A turnkey, income-producing property you won’t want to miss! priced to sell.

Listing Agent

Anthony Giglio

Listed on: 02/27/2026

Map

Home Details

Home Type

Single Family

Year Built

1988

Lot Details

9,583 Sq Ft Lot

Listing Details

  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Lot Size: 65x151x65x151
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: GCMMOBREALTYLL
  • Co List Office Phone: 513-505-5222
  • Subdivision Name: Woodlore
  • Efficiency: None
  • Special Features: None
  • Year Built: 1988

Interior Features

  • Appliances: Other
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Window Features: None

Exterior Features

  • Construction Type: Brick, Vinyl Siding
  • Foundation Details: Slab
  • Other Structures: None
  • Patio And Porch Features: None
  • Roof: Shingle

Garage/Parking

  • Covered Parking Spaces: 1
  • Parking Features: Carport

Utilities

  • Laundry Features: Other
  • Cooling: Ceiling Fan(s), Window Unit(s)
  • Heating Yn: No
  • Electric: Other
  • Sewer: Septic Tank
  • Utilities: None
  • Water Source: Public

Schools

  • Elementary School: Chickasaw City
  • High School: Chickasaw City
  • Middle Or Junior School: Chickasaw

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 9583.2

Tax Info

  • Tax Annual Amount: 638

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
Collateral Analytics

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ICE

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Quantarium

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Average Value
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List Price
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

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 $656 $11,440 $2,700 $8,740
2024 $656 $11,740 $3,000 $8,740
2023 $554 $10,360 $2,620 $7,740
2022 $554 $10,360 $2,620 $7,740
2021 $571 $10,680 $2,620 $8,060
2020 $571 $10,680 $2,620 $8,060
2019 $563 $10,520 $2,800 $7,720
2018 $563 $10,520 $0 $0
2017 $558 $10,520 $0 $0
2016 $571 $10,780 $0 $0
2013 $615 $11,340 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/27/2026 02/27/26 For Sale $89,900 -- $100 / Sq Ft
Source: Gulf Coast MLS (Mobile Area Association of REALTORS®)

Purchase History

Date Type Sale Price Title Company
Foreclosure Deed $32,000 None Available
Deed $58,000 None Available
Warranty Deed $91,500 None Available
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $86,925 Unknown
Source: Public Records

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

MLS Number: 7726203

Gulf Coast MLS (Mobile Area Association of REALTORS®)

APN: 22-09-44-0-013-136

Alabama Mobile County Mobile 36611

616 Masterson Ave, Mobile, AL

For Sale

Detached

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.

Gulf Coast MLS (Mobile Area Association of REALTORS®) 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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Listing Agent
Anthony Giglio
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(251) 369-7071
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