Bought with Justin Wilhelmy • IXL Real Estate LLC
$55,000
$77,000
28.6%For more information regarding the value of a property, please contact us for a free consultation.
6,507 Sqft Lot
SOLD DATE : 06/22/2026
Key Details
Sold Price $55,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Subdivision Metes & Bounds
MLS Listing ID 7707839
Sold Date 06/22/26
Annual Tax Amount $646
Tax Year 646
Lot Size 6,507 Sqft
Property Description
Income-Producing Investment Property – 907 S. Dearborn Street, Mobile, AL
Excellent opportunity to own a cash-flowing property in the heart of Mobile! This charming single-family home is currently leased at $1,000 per month, offering immediate rental income from day one. The home features 2 bedrooms and 1 bath, a comfortable living space, and a functional floor plan perfect for tenants seeking affordable housing close to downtown amenities.
The property sits on a quiet residential street just minutes from Downtown Mobile, schools, shopping, and major commuter routes. With stable rental income and tenant in place, this home makes an ideal addition to an investor's portfolio or a great starting point for new landlords looking for passive income.
Key Highlights:
Address: 907 S. Dearborn Street, Mobile, AL
Rental Income: $1,000/month (tenant in place)
Single-family home
Convenient location near downtown Mobile
Long-term investment potential with steady returns
Whether you're expanding your real estate holdings or seeking your first rental property, this home offers dependable monthly income and solid appreciation potential in a growing area.
Location
State AL
County Mobile - Al
Direction Take Virginia Street North to left on S. Dearborn
Interior
Heating Central
Cooling Central Air
Exterior
Fence Back Yard
Community Features None
Utilities Available Cable Available, Electricity Available
Waterfront Description None
View Y/N true
View Other
Roof Type Asbestos Shingle
Building
Lot Description Other
Sewer Public Sewer
Water Public
Level or Stories One
Schools
Elementary Schools Erwin Craighead
Middle Schools Calloway Smith
High Schools Ben C Rain
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