Available For Sale - Multifamily

27,648 SF | Show Pricing $

LISTED BY

Lisa D. Bradley
SVN | SouthLand Commercial, 850-434-7500

AVAILABILITY DETAILS

Size
27,648 SF
Price/SF
Show Pricing $
Listing ID
SA528241
Notes
SVN Southland Commercial is proud to present The Magnolia 32 Apartments! This newly renovated development enjoys a desirable location in the historic Midtown area of Mobile, Alabama, a unique neighborhood that is rich in history and culture. Magnolia 32 is within walking distance of cafes, lounges, and shopping, and convenient to downtown, schools, universities, and services.



The Magnolia 32 development contains 32 apartment units within 2 two-story buildings with interior stairwells providing access to the second floor units. The buildings were constructed in 1972, are wood frame construction, with low maintenance brick veneer. New exterior renovations included new roofs, low maintenance landscaping, and fresh exterior paint. All of the units in this development contain two-bedrooms and one bath, averaging 865 square feet in size. 30 of the units were renovated in 2022-2023, including new stainless-steel dishwashers, oven/stoves, and refrigerators, disposals, new cabinet faces, countertops, recessed lighting, fresh paint, and luxury vinyl plank floor coverings, and more! New HVAC units, windows, and doors were replaced as needed. Onsite laundry room with 2 coin operated washers and dryers is available for all residents or there are stackable washer/dryer hookups in the units. Property at 100% occupancy May 2024, The units are not separately metered for water, but the tenants reimburse the owners for water & garbage expenses.



Whether you're a seasoned multifamily investor or just starting in investing, this is a fantastic opportunity add to your portfolio! DO NOT contact property manager or tenants. For additional information or to schedule a tour, please call Lisa Bradley at 850-712-2232.
Uses
Multifamily

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Lisa D. Bradley, SVN | SouthLand Commercial
BRE# SL3113372