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400 Garden Ln
Chickasaw, AL 36611
Oak Garden Apartments · Multifamily Property For Sale
·
95 Units
PROPERTY FACTS
| No. Units | 95 | Building Size | 87,718 SF |
| Property Type | Multifamily | Average Occupancy | 99% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1948/2017 |
| Building Class | C | Parking Ratio | 2.05/1,000 SF |
| Lot Size | 6.93 AC |
| No. Units | 95 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 6.93 AC |
| Building Size | 87,718 SF |
| Average Occupancy | 99% |
| No. Stories | 2 |
| Year Built/Renovated | 1948/2017 |
| Parking Ratio | 2.05/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Ceiling Fans
- Tile Floors
- Kitchen
- Tub/Shower
- Carpet
SITE AMENITIES
- 24 Hour Access
- Fenced Lot
- Fitness Center
- Laundry Facilities
- Gated
ABOUT 400 GARDEN LN , CHICKASAW, AL 36611
The asset is a 95 unit multifamily complex with 97% occupancy located in Chickasaw, a suburb of Mobile, the second most populous MSA in Alabama. This property offers the new owner opportunities to enhance value through capitalizing on rent deltas and implementing other revenue-generating amenities. Located approximately 1.5 miles from I-65 and I-165 in the Mobile MSA and less than 10 miles to the Mobile Aeroplex at Brookley and the Port of Mobile, which employs directly and indirectly over 124,000. The recent $1.55 million capital campaign completed in 2016 and 2017 included roofing, wiring/electrical, piping/plumbing, windows, unit interiors, HVAC, asphalt, parking lot/concrete, appliances and flooring. One and two bedroom units with an average unit size of 860 square feet. Brick exterior, mature landscaping with large trees and fenced complex.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 35 | - | 648 - 780 |
| 2+1 | 60 | - | 968 |
PROPERTY TAXES
| Parcel Number | 22-08-44-0-004-233 | Improvements Assessment | $1,068,120 |
| Land Assessment | $39,040 | Total Assessment | $1,107,160 |
PROPERTY TAXES
