Single Family Residential Portfolio

Multi-Family for Sale
Catylist Listing ID: 30597510
Number of Units: 9 Units
Building Size (RSF): 9,730 SF
Gross Land Area: 2.80 Acres
Sale Price: $750,000
Unit Price: $83,333.33 Per Unit
Property Use Type: Investment
Building Name: Midtown DIP
Sale Terms: Cash to Seller
Cap Rate: 6.8%
Average Occupancy Rate: 90
Last Updated: 5/15/2020

Overview / Comments

This nine home SFR portfolio is a cash flowing asset situated in various neighborhoods of Mobile AL. Several of the homes have new roofs, systems, and cosmetic finishes. Currently professionally managed by the owner who is willing to stay on and manage to make the transition for a new owner an easy one. $80,000.00 in gross rent and low maintenance brick homes make this a great asset to an existing portfolio or a strong investment fir a first time investor.

Call Steven Rowe 251-706-9022 Justin Toomey 251-680-3663 for more information

Attachments & Media

Additional Details

Nearest MSA: Mobile
County: Mobile
Tax ID/APN: R023210400002057.
Percent Occupied: 90%
Property Located Between: Midtown and DIP
Highway Access: Each home is easily accessible from major highways and interstates
Total Number of Buildings: 9
Property Condition: Good
Number of Stories: 1
Construction/Siding: Brick
Air Conditioning: Engineered System

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,192 19,103 67,155
Median Age: 33.87 37.37 36.35
Households: 1,939 7,211 26,257

Contact

Photograph of Listing Agent

Justin B. Toomey

SVN | Toomey Property Advisers Mobile, AL
Gulf Coast CMLS Member
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