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56 St. Joseph St
Mobile, AL 36602
Merchants Plaza · Multifamily Property For Sale · 79 Units

Investment Highlights

  • TROPHY ASSET IN IRREPLACEABLE LOCATION
  • DEVELOPMENT OPPORTUNITY
  • LIMITED MULTIFAMILY INVENTORY DOWNTOWN
  • CLASS-A+ MULTIFAMILY UNITS WITH TOP-OF-MARKET RENTS
  • QUALITY IN-PLACE COMMERCIAL LEASES

Property Facts

No. Units 79
Property Type Multifamily
Property Subtype Apartment
Apartment Style Hi-Rise
Building Class B
Lot Size 0.87 AC
Building Size 57,789 SF
Average Occupancy 90%
No. Stories 18
Year Built 2020

Amenities

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Disposal
  • Ceiling Fans
  • Kitchen
  • Refrigerator
  • Stainless Steel Appliances
  • Range

Site Amenities

  • 24 Hour Access
  • Clubhouse
  • Fitness Center

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 21 - 443
1+1 18 - 592
1+2 5 - 1,244
2+1 5 - 1,122
2+2 30 - 1,107 - 1,115

Property Taxes

Property Taxes

Parcel Number
29-06-40-0-002-180
Land Assessment
$159,540
Improvements Assessment
$3,598,160
Total Assessment
$3,757,700
  • Listing ID: 25744795

  • Date on Market: 5/19/2022

  • Last Updated:

  • Address: 56 St. Joseph St, Mobile, AL 36602

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