OVERVIEW
INSANE VALUE ADD AND CASHFLOW OPPORTUNITY!!!
32 units in 3 buildings. BRAND NEW ROOFS!!! Central heat and air. Separate electric meters. City water and sewer. B CLASS AREA!!!! Located in beautiful & booming Mobile, AL, home to AirBus plant and Port of Mobile. LESS THAN $32K PER UNIT IN A $70K PER UNIT MARKET!!! $1,016,400 TOTAL ASSESSED VALUE!!! Units need cosmetics, perfect for renovate and refinance!!! PROPERTY WILL GENERATE A 16%+ NET RETURN ON INVESTMENT!!! OVER $770K+ IN UPSIDE!!!
Do not miss out on this amazing opportunity.
FOR SALE DETAILS
PRICE
$999,900 USD
PRICE/SF
$31 USD /SF
# OF UNITS
32
PRICE/UNIT
$31,247
CAP RATE
23.77%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Willowtree Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
ADD'L SUBTYPES
Manufactured Housing/Mobile Housing, Dormitory
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1978
PARKING SPACES
60
LAND DETAILS
LAND ACRES
1.37 AC
LAND SF
59,677 SF
ZONING
-
APN/PARCEL ID
32-10-40-0-001-009,32-10-40-0-001-009.01
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754-251-0201
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754-251-0201
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