Skip to main content

Multifamily

Arbor Green

200 N Dobson Ave, Bay Minette, AL 36507, Bay Minette, AL 36507

Listing Price: $6,300,000

Cap Rate
6.00%
Number of Units
68
GRM
10.66
Price/Unit
$92,647
Price/Gross SF
$99.93
Gross SF
63,044

Investment Overview

Located near the multi-billion-dollar Novelis aluminum recycling and rolling mill, one of Alabama’s largest manufacturing investments, bringing significant new employment to North Baldwin. Baldwin County continues to benefit from strong net in-migration, rising household demand, infrastructure investment, and affordability relative to the coastal markets to the south.

Investment Highlights

  • Stabilized 68-unit workforce housing community in Bay Minette, positioned within one of Alabama's fastest-growing counties and benefiting from continued population and employment growth.
  • Recent capital improvements include all-new roofs completed within the last five years and upgraded interiors in approximately one-third of the units.
  • Clear value-add opportunity through professional management, improved operational systems, and a consistent renovation program across the remaining classic interiors.

Exclusively Listed By

Listing Price: $6,300,000

Cap Rate
6.00%
Number of Units
68
GRM
10.66
Price/Unit
$92,647
Price/Gross SF
$99.93
Gross SF
63,044

Investment Highlights

  • Stabilized 68-unit workforce housing community in Bay Minette, positioned within one of Alabama's fastest-growing counties and benefiting from continued population and employment growth.
  • Recent capital improvements include all-new roofs completed within the last five years and upgraded interiors in approximately one-third of the units.
  • Clear value-add opportunity through professional management, improved operational systems, and a consistent renovation program across the remaining classic interiors.

Investment Overview

Located near the multi-billion-dollar Novelis aluminum recycling and rolling mill, one of Alabama’s largest manufacturing investments, bringing significant new employment to North Baldwin. Baldwin County continues to benefit from strong net in-migration, rising household demand, infrastructure investment, and affordability relative to the coastal markets to the south.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower