High-Yield, Low-Maintenance Investment! Dual Income Streams for Only $149,900.
Attention investors! Welcome to 2516 Clubhouse Road, an exceptional multi-unit property offering an incredible cap rate potential, immediate cash flow, and major mechanical protection. Priced at just $149,900, this unique parcel features two completely separate, detached single-family dwellings on a single lot—providing maximum privacy for your tenants and effortless management for you.
Peace of mind comes built-in with major capital expenditures already taken care of: both dwellings received brand-new roofs within the last two years, significantly lowering your near-term maintenance costs and protecting your bottom line.
Main House: Features reliable central AC and is currently occupied by a tenant, providing steady, immediate income from day one.
Smaller Cottage: Equipped with a brand-new mini-split AC/heating unit, this space is vacant, freshly prepped, and completely move-in ready to lease out immediately.
With one unit already performing and the second ready to market, this property is primed to hit a projected gross market rent of approximately $1,850 per month when fully occupied. At a purchase price under $150k, the rent-to-price ratio, mechanical updates, and recent roofs make this a standout addition to any portfolio.
Schedule your private showing today and start collecting returns next month! Must have at least 48 hours notice to show the house out of respect to tenant.
For sale by owner
$147,500
2516 Club House Rd, Mobile, AL 36605
2beds
911sqft
Est.: Get pre-qualified
MultiFamily
Built in 1986
-- sqft lot
$85,600 Zestimate®
$162/sqft
$-- HOA
What's special
Reliable central ac
- 1 day |
- 211 |
- 12 |
Listed by:
Property Owner (251) 604-4759
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Forced air
Cooling
- Central
Appliances
- Included: Dishwasher, Dryer, Garbage disposal, Range / Oven, Refrigerator, Trash compactor, Washer
Features
- Flooring: Tile, Hardwood
- Has fireplace: No
Interior area
- Total interior livable area: 911 sqft
Property
Parking
- Total spaces: 2
- Parking features: Off-street, Garage
Features
- Exterior features: Wood
Lot
- Size: 1.86 Acres
Details
- Parcel number: R023208400003027
Construction
Type & style
- Home type: MultiFamily
Materials
- Wood
- Roof: Shake / Shingle
Condition
- New construction: No
- Year built: 1986
Utilities & green energy
- Utilities for property: ELECTRIC
Community & HOA
Location
- Region: Mobile
Financial & listing details
- Price per square foot: $162/sqft
- Tax assessed value: $73,900
- Annual tax amount: $939
- Date on market: 5/30/2026
Estimated market value
$85,600
$72,000 - $99,000
$1,119/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/30/2026 | Listed for sale | $147,500+104.9%$162/sqft |
Source: Owner Report a problem | ||
| 6/14/2023 | Sold | $72,000-1.4%$79/sqft |
Source: Public Record Report a problem | ||
| 6/3/2023 | Pending sale | $73,000$80/sqft |
Source: Roberts Brothers #7223680 Report a problem | ||
| 5/31/2023 | Listed for sale | $73,000+108.6%$80/sqft |
Source: | ||
| 12/4/2017 | Sold | $35,000-36.4%$38/sqft |
Source: Public Record Report a problem | ||
| 4/5/2017 | Listed for sale | $55,000+5.8%$60/sqft |
Source: ROBERTS BROTHERS/THE REAL ESTATE CENTER #544001 Report a problem | ||
| 10/2/2015 | Listing removed | $52,000$57/sqft |
Source: ROBERTS BROTHERS/THE REAL ESTATE CENTER #518352 Report a problem | ||
| 8/4/2015 | Price change | $52,000-9.6%$57/sqft |
Source: ROBERTS BROTHERS/THE REAL ESTATE CENTER #518352 Report a problem | ||
| 4/7/2015 | Listed for sale | $57,500+15.2%$63/sqft |
Source: ROBERTS BROTHERS/THE REAL ESTATE CENTER #518352 Report a problem | ||
| 8/20/2013 | Listing removed | $49,900$55/sqft |
Source: Roberts Brothers West #200618 Report a problem | ||
| 6/20/2013 | Listed for sale | $49,900+211.9%$55/sqft |
Source: Roberts Brothers West #200618 Report a problem | ||
| 12/11/2012 | Sold | $16,000$18/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $939 +1.7% | $14,780 +1.7% |
| 2024 | $923 +71.9% | $14,540 +71.9% |
| 2023 | $537 +6% | $8,460 +6% |
| 2022 | $507 | $7,980 |
| 2021 | $507 | $7,980 |
| 2020 | $507 +3.6% | $7,980 +3.6% |
| 2019 | $489 -2% | $7,700 |
| 2018 | $499 +2% | $7,700 |
| 2017 | $489 | $7,700 |
| 2016 | $489 +39.5% | -- |
| 2013 | $351 +241.5% | $5,400 +114.3% |
| 2001 | $103 +41.8% | $2,520 |
| 2000 | $72 | $2,520 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Riverside
Nearby schools
GreatSchools rating
- 8/10Dr. Robert W. Gilliard Elementary SchoolGrades: PK-5Distance: 1.7 mi
- 2/10Pillans Middle SchoolGrades: 6-8Distance: 2 mi
- 2/10Ben C Rain High SchoolGrades: 9-12Distance: 1.4 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Alabama
- Mobile County
- Mobile
- 36605
- Riverside
- 2516 Club House Rd





