1207 Race Track Lane Mobile, AL ^$ 85,500

1207 Race Track Lane

^$ 85,500

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1207 Race Track Lane

Mobile, AL, 36605

^$ 85,500

Bedrooms3 Baths1.0 Sq 1,200

Monthly Estimate*

^$ 533

Listed by Clement Partners Real Estate

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Multi-Family Home for sale in Mobile, AL

for $85,500 with 3 bedrooms and 1 full bath. This 1,200 square foot home was built in 1978 on a lot size of 0.1148.

Here it is! The investment you have been looking for. Rented to S8 for 1148 monthly fully subsidized. Meaning S8 pays the full rent! Tenant has been in places since 2022 and wants to stay. S8 rents in the area are now 1350 + for a 3 bedroom and can be raised with a 30 day notice. 3 months of free professional management offered. Can you say 15% cash on cash! This is a SFR and a great way to dip your toe in out of state investing!

Multi-Family Contingent

Price

^$ 85,500

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.1148

Year Built

1978

Town/City

Mobile

County/Region

Mobile

MLS | Web ID

24353063

Days on Market

679

Features

General

Living Area 1200

Appliances Refrigerator

Year Built 1978

Stories Count 1

Levels One

Gross Income 16200

County Other County

Net Operating Income 14000

New Construction 0

Property Type Residential Income

HOA 0

Full Baths 0

Special Listing Conditions Standard

Status Active Under Contract

Directions From Michigan left on Race Track. On Mobile Al

Senior Community Y/N 0

Number Of Units Total 1

Lot Size Units Square Feet

Lot Size Square Feet 5000

Rent Control Y/N 0

Standard Status Active Under Contract

Year Built Source Assessor

Interior

Total Stories 1

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Total Bedrooms 3

Total Baths 1

Exterior

Parking Features Driveway

Total Parking 1

Lot Size Area 5000

Number of Buildings 1

Building Area Total 1200

Lot Size Acres 0.1148

Lot Size Source Estimated

* Excluded Features

List By

Clement Partners Real Estate

Broker

chris@bbackllc.com

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$533

Per Month

Monthly Principal & Interest: $533
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Mobile, AL

Average List Price ^$193,800

Percent of Sale Price 127%

About Mobile, AL

192,687 Population

-7% Since 2002

^$40,134 Median Income

36.95 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

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Pricing History

Date	Price	Price Change	Description
11/20/2025	$85,500		Listed Price

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1207 Race Track Lane, Mobile, AL, 36605 is a Multi-Family Home for sale at $85,500 with 1,200 sqft and a lot size of 0.1148. 1207 Race Track Lane has 3 bedrooms, 1.0 baths, and was built in 1978. The property's zip code is 36605 which is in Mobile, AL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 12/9/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1207 Race Track Lane

Multi-Family Home for sale in Mobile, AL

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