706 Cherokee St, Mobile, AL for sale

Investment Overview

706 Cherokee St presents an accessible single-family investment opportunity in the heart of Midtown Mobile. This 3-bedroom, 1-bathroom home totals approximately 1,260 square feet and features a functional single-story layout with comfortable living spaces, natural light, central heating and cooling, and usable yard space. The property’s layout and single-family setting offer strong appeal to long-term renters seeking affordability, privacy, and convenience. Offered at $120,000, the property provides an attractive entry point into the Mobile single-family rental market with the opportunity for a new owner to establish tenancy at current market conditions. Its central Midtown location, practical floor plan, and manageable size support an efficient rental strategy, while the current vacancy allows an investor to lease the property without assuming an existing tenant or lease obligation. The combination of an accessible acquisition price and potential rental income makes 706 Cherokee St a compelling opportunity for investors looking to add a single-family asset to their portfolio.

Investment Highlights

• Single-family rental opportunity in an established Midtown Mobile neighborhood, offering a new owner the opportunity to establish tenancy at current market conditions.
• 3 bed / 1 bath, approximately 1,260 square feet with a functional single-story layout, comfortable living spaces, and usable yard space.
• Central HVAC and practical interior configuration designed for everyday living and long-term rental appeal.
• Offered at $120,000, creating an accessible entry basis for a fee-simple single-family asset in Midtown Mobile.
• Located near Airport Boulevard, Government Street, and I-65, providing convenient access to employment, retail, schools, and everyday services.
• Currently vacant, allowing an investor to lease the property without assuming an existing tenant or lease obligations.
• Manageable size and straightforward layout support efficient maintenance and property management for both local and remote investors.
• Positioned to capture demand for single-family rentals in Mobile, with the opportunity to generate rental income through a new lease-up.