16-22 Florida ST S, Mobile, AL 36606
16-22 Florida ST S, Mobile, AL 36606
16-22 Florida ST S, Mobile, AL 36606
16-22 Florida ST S, Mobile, AL 36606
16-22 Florida ST S, Mobile, AL 36606
16-22 Florida ST S, Mobile, AL 36606
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Jennifer McGregor

Jennifer McGregor

+1(850) 733-6886
Listed by Breanna Veth • Wellhouse Real Estate LLC - Mobile
$ 1,199,900
Est. payment | /mo

10,018 Sqft Lot

Save
$ 1,199,900
Est. payment | /mo
Save

10,018 Sqft Lot

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Florida Street Flats

MLS Listing ID 7746569

Annual Tax Amount $2,667

Tax Year 2667

Lot Size 10,018 Sqft

Property Description

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.

Location

State AL

County Mobile - Al

Direction From I-65, East on Dauphin, Right on Florida, property is on the right.

Interior

Heating Wall Unit(s)

Cooling Wall Unit(s)

Exterior

Fence None

Community Features None

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Other

Waterfront Description None

View Y/N true

View City

Roof Type Other

Building

Lot Description Level, Rectangular Lot

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

Elementary Schools Leinkauf

Middle Schools Booker T Washington

High Schools Murphy

Schools and Properties Nearby

Jennifer McGregor

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(850) 733-6886

jennifermcgregorrealtor@gmail.com

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16-22 Florida ST S