404-654-2074
1621 Spring Hill Ave, Mobile, AL for Sale
Apartments - FOR SALE
1/3
null | Request Cap Rate

1621 Spring Hill Ave
Mobile, AL 36604
Lyons Park


HIGHLIGHTS

  • This property can be sold individually, or in a portfolio with Barrington Park Apartments at 442 Cottage Hill Road, Mobile, Alabama.
  • Value-add opportunity to acquire a 139-unit multifamily property with immediate upside potential.
  • Centrally located just west of Downtown Mobile near major roadways offering quick commutes.
  • This investment opportunity is being offered 100% unencumbered, delivered free and clear of any debt or liens.
  • There is significant upside potential through improved operations, management, and addressing deferred maintenance.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

139

CAP RATE

Request Cap Rate

% LEASED

27%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Manchester Park | Significant Upside

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

150

LAND DETAILS

LAND ACRES

4.92 AC

LAND SF

214,171 SF

ZONING

-

APN/PARCEL ID

29-07-25-0-004-160

ASK ABOUT THIS PROPERTY

Judy MacManusBerkadia Real Estate AdvisorsMore Info
404-654-2074

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Judy MacManusBerkadia Real Estate AdvisorsMore Info
404-654-2074

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.