Epsilon
Multi-Family
for Sale
Sale Pending
| Catylist Listing ID: |
30839252 |
| Property Subtypes: |
Low-Rise/Garden
|
| Status: |
Pending |
| Number of Units: |
5 Units |
| Building Size (RSF): |
3,200 SF |
| Gross Land Area: |
0.43 Acres
|
| Sale Price: |
$750,000 |
| Unit Price: |
$150,000 Per Unit |
| Property Use Type: |
Investment |
| Building Name: |
Epsilon |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
7.99% |
| Average Occupancy Rate: |
100 |
| Last Updated: |
5/15/2023 |
Overview / Comments
|
Epsilon is a fully renovated, five-unit boutique apartment located at 104 N Ann Street Mobile Alabama, The current ownership saw its potential from the desirable location, which is within minutes of several major area hospitals, and chose to lease the units to traveling nurses and corporate tenants in a mid-term leasing model. The immediate upside for the property is to shorten the minimum stay requirement and capture more of the nightly rentals in the area.
|
Additional Details
| Nearest MSA: |
Mobile |
| County: |
Mobile |
| Tax ID/APN: |
2906400008005XXX |
| Percent Occupied: |
100% |
| Property Located Between: |
Old Shell and Spring Hill Ave |
| Highway Access: |
I-10 and I 65 |
| Airports: |
Brookley |
| Total Number of Buildings: |
1 |
| Property Condition: |
Excellent |
| Number of Stories: |
2 |
| Year Renovated: |
2021 |
| Roof Type: |
Gable |
| Construction/Siding: |
Brick |
| Exterior Description: |
Completely Renovated and Well Maintained |
| Parking Ratio: |
7 (per 1000 SF) |
| Parking Type: |
Surface |
| Parking Description: |
Several close to the building spots and several for visitors. |
| Total Parking Spaces: |
30 |
| Laundry: |
In Each Unit |
| Interior Description: |
Fully Furnished, Gorgeous Remodel |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
12,894 |
68,758 |
128,018 |
| Median Age: |
37.9 |
36.96 |
35.5 |
| Households: |
5,532 |
27,034 |
50,214 |
|
© Copyright 2001-2023 Moody's. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither Gulf Coast CMLS nor
Moody's assume any liability for errors or omissions.
|
