Multifamily
Saraland Portfolio
358 Baker Rd, Satsuma, AL 36572
Listing Price: Request For Offer
Investment Overview
The Gulf States office of Marcus and Millichap is pleased to present the exclusive opportunity to acquire The Saraland Portfolio, 104 units spread across four multifamily communities in Saraland, AL. Well-located within the Greater Mobile MSA, The Saraland Portfolio arrives to market boasting an attractive agency loan assumption which features a balance of $6,521,000 with a fixed 4.62% rate, 40 months of remaining I/O, and 8+ years until maturity.
Saraland Portfolio
Investment Highlights
- Saraland is a top-performing submarket in the Mobile MSA boasting YOY rent growth of 6.4%, average rents of $1,266/unit, and a submarket occupancy of 92.4%.
- Saraland formed its own city school system in 2006. It is now ranked among the best school systems in the State of Alabama.
- Residents in this area have higher income levels leading to more qualified applicants, better collections and the potential for higher rents than the overall MSA.
Exclusively Listed By
Listing Price: Request For Offer
Investment Highlights
- Saraland is a top-performing submarket in the Mobile MSA boasting YOY rent growth of 6.4%, average rents of $1,266/unit, and a submarket occupancy of 92.4%.
- Saraland formed its own city school system in 2006. It is now ranked among the best school systems in the State of Alabama.
- Residents in this area have higher income levels leading to more qualified applicants, better collections and the potential for higher rents than the overall MSA.
Investment Overview
The Gulf States office of Marcus and Millichap is pleased to present the exclusive opportunity to acquire The Saraland Portfolio, 104 units spread across four multifamily communities in Saraland, AL. Well-located within the Greater Mobile MSA, The Saraland Portfolio arrives to market boasting an attractive agency loan assumption which features a balance of $6,521,000 with a fixed 4.62% rate, 40 months of remaining I/O, and 8+ years until maturity.
Exclusively Listed By
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