1812 Old Shell Rd | Mobile, AL 36607
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- LoopNet Team
1812 Old Shell Rd
Mobile, AL 36607
Lofts at Midtown · Multifamily Property For Sale
·
24 Units
INVESTMENT HIGHLIGHTS
- Residential units are 100% leased with an average in-place rent of $1.85 per SF for multi-family and $25.61 for commercial.
- Located in Midtown Mobile, this property is next to Dew Drop Inn, a Mobile staple and 2 blocks away from Infirmary Health's Mobile campus.
- Property includes 8,250 SF of commercial space with leases signed with Pure Barre (fitness), Nova Market (coffee/grocery), and Big Bad Breakfast.
- Just minutes from Downtown and close to Sage Park, Tricentennial Park and the Springdale Mall.
PROPERTY FACTS
| No. Units | 24 | Building Size | 23,950 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2021 |
| Building Class | B | Parking Ratio | 3.84/1,000 SF |
| Lot Size | 3.00 AC | ||
| Zoning | B-2 - Neighborhood Business | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 3.00 AC |
| Building Size | 23,950 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2021 |
| Parking Ratio | 3.84/1,000 SF |
| Zoning | B-2 - Neighborhood Business |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 14 | $989.00 | - |
| 2+1 | 10 | $1,495 | - |
PROPERTY TAXES
| Parcel Number | 29-07-24-0-004-013.001 | Improvements Assessment | $943,600 |
| Land Assessment | $124,120 | Total Assessment | $1,067,720 |
PROPERTY TAXES
Parcel Number
29-07-24-0-004-013.001
Land Assessment
$124,120
Improvements Assessment
$943,600
Total Assessment
$1,067,720
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