706 Cherokee St, Mobile, AL for sale

Investment Overview

706 Cherokee St offers a stabilized single-family rental investment with in-place tenancy 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—appealing to long-term renters seeking affordability and privacy in a single-family setting. At an asking price of $120,000, the property provides investors with an accessible entry point into the Mobile single-family rental market, now backed by existing occupancy and immediate cash flow from day one of ownership. In-place rent near the local three-bedroom and single-family averages positions the asset for steady performance, while the home’s turnkey condition and simple floor plan support efficient management and lower ongoing maintenance burden.

Investment Highlights

• Stabilized single-family rental with in-place tenant providing immediate cash flow at closing.
• 3 bed / 1 bath, approximately 1,260 square feet with functional, single-story layout and yard space.
• Central HVAC and practical interior configuration designed for everyday living and long-term tenancy.
• Offered at $120,000, creating a low entry basis for a fee-simple single-family asset in Midtown Mobile.
• Located near Airport Boulevard, Government Street, and I‑65, with convenient access to employment, retail, and services.
• Occupied condition reduces lease-up risk, vacancy exposure, and initial capex, supporting stable returns from acquisition.
• Size and layout conducive to streamlined maintenance and management for both local and remote investors.
• Positioned to benefit from enduring demand for single-family rentals in Mobile and ongoing rent growth over a long-term hold.