Multifamily
Mobile 149 Portfolio
2904 Pleasant Valley Rd, Mobile, AL 36606
Listing Price: Request For Offer
Investment Overview
The Gulf States office of Marcus & Millichap is pleased to present the exclusive opportunity to acquire The Mobile 149, a three property, 149-unit multifamily portfolio located in Mobile, AL. The Mobile 149, which consists of Arbor Pointe (57 units built in 1998), Bird’s Nest (32 units built in 1983), and The Retreat at Pleasant Valley (60 units built in 1971), will arrive to market fully stabilized (92-95% current occupancies) and having experienced significant transformation after a material capital infusion in recent years across each of the properties.
Mobile 149 Portfolio
Investment Highlights
- ATTRACTIVE DAY 1 YIELD while offering additional upside through continued value-add renovations across interior units.
- BOOMING MOBILE ECONOMY is emerging as the Gulf Coast's dominant corridor for shipping and Aerospace.
- CONVENIENTLY LOCATED in the heart of Mobile and within close proximity to all major demand drivers.
Exclusively Listed By
Listing Price: Request For Offer
Investment Highlights
- ATTRACTIVE DAY 1 YIELD while offering additional upside through continued value-add renovations across interior units.
- BOOMING MOBILE ECONOMY is emerging as the Gulf Coast's dominant corridor for shipping and Aerospace.
- CONVENIENTLY LOCATED in the heart of Mobile and within close proximity to all major demand drivers.
Investment Overview
The Gulf States office of Marcus & Millichap is pleased to present the exclusive opportunity to acquire The Mobile 149, a three property, 149-unit multifamily portfolio located in Mobile, AL. The Mobile 149, which consists of Arbor Pointe (57 units built in 1998), Bird’s Nest (32 units built in 1983), and The Retreat at Pleasant Valley (60 units built in 1971), will arrive to market fully stabilized (92-95% current occupancies) and having experienced significant transformation after a material capital infusion in recent years across each of the properties.
Exclusively Listed By
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