2100 N Woodlawn Dr - Apartments FOR SALE


Mobile, AL 36605- Riviera
$4,200,000 USD
251-706-9022
2100 N Woodlawn Dr, Mobile, AL for Sale
$4,200,000 USD
Apartments - FOR SALE
1/10
null | 7.9% Cap Rate

2100 N Woodlawn Dr
Mobile, AL 36605
Riviera


HIGHLIGHTS

  • 32 renovated units with strong rent growth and agency debt potential.
  • Prime location near Costco, Top Golf, and I-65 Corridor.
  • 7.9% cap rate supported by population growth and market rents.

OVERVIEW

This property includes 32 units, 31 of which that have been renovated and brought up to today’s standards. This group of contiguous homes allows a buyer to purchase a property that has upside, which is shown by the higher-than-average rents already being collected, and a stable asset that is well on its way to qualify for agency debt. The area surrounding the property already shows population growth in the coming years, which should improve with the plans to bring the Mobile Airport Downtown. This property is less than 2 miles from Costco, the all-new Dave and Busters, Top Golf, and the entire I-65 Corridor, where so much shopping and entertaining is done. 32 Units $1,458.00 Average Rents $1,600.00 already achieved Market Rents 28 4 bed 2 bath homes 4 5 bed 2 bath homes 1,500 square feet each

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$31 USD /SF

# OF UNITS

44

PRICE/UNIT

$95,455

CAP RATE

7.9%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dauphin Creek

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

600

LAND DETAILS

LAND ACRES

24.99 AC

LAND SF

1,088,564 SF

ZONING

None

APN/PARCEL ID

29-11-32-1-000-062.001,29-11-32-1-000-062.002

ASK ABOUT THIS PROPERTY

Steven RoweGulf Coast Multifamily LLCMore Info
251-706-9022

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Steven RoweGulf Coast Multifamily LLCMore Info
251-706-9022

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