56 St. Joseph St | Mobile, AL 36602
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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 | Lot Size | 0.87 AC |
| Property Type | Multifamily | Building Size | 57,789 SF |
| Property Subtype | Apartment | Average Occupancy | 90% |
| Apartment Style | Hi-Rise | No. Stories | 18 |
| Building Class | B | Year Built | 2020 |
| 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
| Parcel Number | 29-06-40-0-002-180 | Improvements Assessment | $3,598,160 |
| Land Assessment | $159,540 | Total Assessment | $3,757,700 |
Property Taxes
Parcel Number
29-06-40-0-002-180
Land Assessment
$159,540
Improvements Assessment
$3,598,160
Total Assessment
$3,757,700
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