205-516-6107
6601 Old Shell Rd, Mobile, AL for Sale
Apartments - FOR SALE
1/21
null | Request Cap Rate

6601 Old Shell Rd
Mobile, AL 36608
Richelieu


HIGHLIGHTS

  • Located approximately one mile from the University of South Alabama
  • Consists entirely of two-bedroom apartment homes
  • Three two-story masonry residential buildings on 1.83 acres
  • Recent insurance restructuring reduced operating expenses
  • Convenient access to retail, healthcare, dining, and major employment centers

OVERVIEW

Shell Pointe Apartments is a 34-unit multifamily community located at 6601 Old Shell Road in Mobile, Alabama. The property consists of two-bedroom, one-bath apartment homes across three two-story residential buildings situated on approximately 1.83 acres in the West Mobile submarket. Residents benefit from in-unit features including dishwashers, ranges, ovens, refrigerators, and air conditioning, along with on-site laundry facilities and surface parking. The property is positioned near the University of South Alabama, one of the region's largest educational and employment anchors, creating a consistent source of housing demand from students, faculty, healthcare professionals, and area residents. Its location along Old Shell Road provides convenient access to major retail corridors, healthcare facilities, dining destinations, and employment centers throughout Mobile. The surrounding economy is supported by diverse industries including aerospace, maritime commerce, healthcare, manufacturing, logistics, and higher education, helping support long-term apartment demand across the market. Current ownership reports a recently secured insurance premium that significantly reduces operating expenses compared to prior periods, creating an immediate operational benefit for future ownership. Financial projections within the offering materials anticipate growth in effective income and net operating performance through continued operational improvements and rental growth assumptions. The property's established location, manageable unit count, and proximity to major demand generators position it as an opportunity for investors seeking a multifamily asset within one of Alabama's primary Gulf Coast markets.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

34

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shell Pointe Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.84 AC

LAND SF

80,150 SF

ZONING

-

APN/PARCEL ID

28-04-20-1-001-003

ASK ABOUT THIS PROPERTY

Jason HydeSVN | AVAT Realty, LLCMore Info
205-516-6107

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Jason HydeSVN | AVAT Realty, LLCMore Info
205-516-6107

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