706 Cherokee St

706 Cherokee St is a fully leased single-family home located in Midtown Mobile, Alabama, within an established residential neighborhood with convenient access to Airport Boulevard, Government Street, and I‑65. The property’s central location positions it near employment centers, retail, schools, and everyday services, supporting ongoing renter demand and stable occupancy.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.