350 Saint Joseph St | Mobile, AL 36602
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- LoopNet Team
350 Saint Joseph St
Mobile, AL 36602
Gateway Apartments · Multifamily Property For Sale
·
59 Units
INVESTMENT HIGHLIGHTS
- Full adaptive reuse project done in 2021 with all new construction beyond the shell including:
- Located in the heart of Downtown Mobile, AL: a major southeast port city
- Listed on historical tax registry allowing for 50% lower tax assessment keeping property taxes low even upon potential reassessment
- New windows, new roofs, all new interior walls, plumbing, electrical, mechanical, elevator system, parking lot, fencing, etc.
- High end finishes with quartz countertops, combination washer & dryer, stainless steel appliances, hardwood floors, and smart thermostats
- Desirable tenant amenities including fitness center, business center, onsite dog park and rooftop patio & lounge
PROPERTY FACTS
| No. Units | 59 | Lot Size | 0.94 AC |
| Property Type | Multifamily | Building Size | 40,000 SF |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 2021 |
| Building Class | A |
| No. Units | 59 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 0.94 AC |
| Building Size | 40,000 SF |
| No. Stories | 5 |
| Year Built | 2021 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Refrigerator
- Stainless Steel Appliances
- Patio
SITE AMENITIES
- Controlled Access
- Clubhouse
- Fitness Center
- Laundry Facilities
- Property Manager on Site
- Trash Pickup - Door to Door
- Roof Terrace
- Storage Space
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 10 | - | 340 - 504 |
| 1+1 | 38 | - | 400 - 600 |
| 2+1 | 9 | - | 576 |
| 2+2 | 2 | - | 833 |
PROPERTY TAXES
| Parcel Number | 29-06-12-0-001-014 | Improvements Assessment | $1,013,860 |
| Land Assessment | $186,620 | Total Assessment | $1,200,480 |
PROPERTY TAXES
Parcel Number
29-06-12-0-001-014
Land Assessment
$186,620
Improvements Assessment
$1,013,860
Total Assessment
$1,200,480
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