2508 Highland Dr - Multi-Family FOR SALE


Mobile, AL 36617- Oakleigh
$225,000 USD
251-343-7777
2508 Highland Dr, Mobile, AL for Sale
$225,000 USD
Multi-Family - FOR SALE
1/16
null | Request Cap Rate

2508 Highland Dr
Mobile, AL 36617
Oakleigh


HIGHLIGHTS

  • Plenty of parking, lot could accommodate 24+ vehicles
  • Brick exterior
  • Value Add Deal

OVERVIEW

Looking to buy a small multifamily property but not impressed with the condition or prices? Here is your chance to buy one below market and rehab it. This property is 12 units, all units are two bedrooms and one bath with a spacious living room. The kitchens have enough space for plenty of cabinets and a dining area. This property has plenty of parking that can accommodate parking for at least 24 guests or tenants. Less than ten minutes from Downtown Mobile, Interstate access and major hospitals and employers. Some renovations have already been started but buyer will need to assess the condition and decide their own scope of work and obtain estimates. Completed properties of this size and unit count have sold for over $800k non renovated.

FOR SALE DETAILS

PRICE

$225,000 USD

PRICE/SF

$23 USD /SF

# OF UNITS

12

PRICE/UNIT

$18,750

CAP RATE

Request Cap Rate

% LEASED

16%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

12 Unit Apartment Building -

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

29-02-44-0-014-333

ASK ABOUT THIS PROPERTY

Rameh KhazenBellator Real EstateMore Info
251-343-7777

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Rameh KhazenBellator Real EstateMore Info
251-343-7777

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