Contacts
SVN | AVAT Realty
Property Details
- Property Type Multi-Family
- Property Size 48,900 SF
- Units 60
- Lot Size 2.31 Acre
- Year Built 1971
- Date Updated May 20, 2026
Reach out to the broker for more info on lease terms and amenities
Highlights
- Attractive Yield: Valued at a 7.36% Year 1 Cap Rate with a projected 17.1% 5-Year IRR
- Fully Stabilized Cash Flow: With 100% occupancy and comprehensive 2025 interior renovations (including upgraded cabinets, flooring, and fixtures), the property provides durable, immediate cash flow.
- Portfolio Synergy: Positioned on the same street as Bird's Nest, the two properties combined offer 92 units of localized scale, drastically reducing maintenance and property management overhead.
- Section 8 Upside: The property is already approved for Section 8 tenants, offering a blend of market and affordable rent streams. By passing strict HUD physical inspections, the asset is primed to capture stable, government-backed yield.
Getting around
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38/100
Walk Score ®
-
41/100
Bike Score ®
Location
- City MOBILE, AL
- Neighborhood Brookwood
- Zip Code 36606
- Market Mobile
Points of Interest
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Mobile (opens February 2025)
4.84 miles
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Walmart Gas
0.71 miles
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Mobile, AL Supercharger
0.75 miles
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Costco Gasoline
0.95 miles
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Sam's Club
1.42 miles
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Chevron
1.48 miles
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Shell
1.53 miles
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Circle K
1.93 miles
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Exxon
2.32 miles
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Energize Of Spring Hill
2.87 miles
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Murphy USA
3.02 miles
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MOB II Parking
1.82 miles
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Main Parking
1.98 miles
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Long-Term Parking
2.59 miles
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Short-Term Parking
2.63 miles
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Parking Garage
3.03 miles
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Parking Lot 2
3.10 miles
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CGX Parking
3.18 miles
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Arlington Park
3.19 miles
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Municipal Parking Garage
4.80 miles
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USA Mountain Bike Trailhead
5.56 miles
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Taylor Motel
0.67 miles
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Mobile Marriott
0.91 miles
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Extended Stay America
0.91 miles
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Homewood Suites by Hilton Mobile I-65/Airport Blvd, AL
0.92 miles
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Home2 Suites by Hilton
0.93 miles
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InTown Suites Extended Stay Mobile AL - South Beltline
1.00 miles
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Tru by Hilton Mobile
1.05 miles
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Hampton Inn & Suites Mobile I-65@ Airport Boulevard
1.10 miles
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Courtyard Mobile
1.10 miles
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Fairfield Inn & Suites Mobile
1.13 miles
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Ross
0.66 miles
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Walmart Neighborhood Market
0.73 miles
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Target
0.77 miles
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JCPenney
0.84 miles
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Bel Air Mall
0.92 miles
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Belk
0.97 miles
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Dillard's
1.06 miles
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Marshalls
1.22 miles
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Piggly Wiggly
1.24 miles
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ALDI
1.56 miles
SVN | AVAT Realty