About This Home
This 4-bedroom, 2-bathroom single family at 1469 Mamie Drive in Mobile, AL is listed for $179,900 ($127 per sqft). Built in 1998, the home offers 1,421 sqft of living space on a 0.20 acres lot.
Key Features
- Built in 1998
- 0.20 acre lot
- 2 parking spaces
Property Details
Amenities
TURNKEY INVESTMENT OPPORTUNITY WITH IMMEDIATE CASH FLOW, A LONG-TERM TENANT IN PLACE, AND MAJOR CAPITAL IMPROVEMENTS ALREADY COMPLETED. Currently generating $1,531 per month, this professionally managed 4-bedroom, 2-bath home offers immediate rental income with a tenant who has occupied the property for more than four years.
Recent updates include a new roof (2025), new flooring (2025), and HVAC replacement (2021), significantly reducing near-term maintenance expenses. The current month-to-month lease provides flexibility for investors while also preserving future owner-occupancy potential.
A portion of the rental income is generated through a government-assisted housing program, creating stable and predictable cash flow. Rent rolls, lease information, and T-12 financial statements are available upon request. This property is one of six investment opportunity homes being offered individually or as part of a larger investment portfolio.
The seller would prefer a portfolio sale but will consider individual offers. SEE MLS #'s (7820915,7820818,7820792,7820755,7820698). Buyer to verify all information during the due diligence period.
Monthly Cost Estimate
$962/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1469 Mamie Drive
Mobile, AL 36618
Autumndale
Property Details
Flooring
Construction
Parking
Heating
Cooling
Appliances
Questions & Answers
This 4-bedroom, 2-bathroom single family at 1469 Mamie Drive is listed at $179,900 ($127/sqft). The estimated monthly payment is $962 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1998, 0.20 acre lot, 2 parking spaces.
This property is listed by Chrissi Moore and can be reached at 2516102969.
