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.

Attachments & Media

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

View FullscreenMap

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


Photograph of Listing Agent

Justin B. Toomey

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