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Multifamily

Bay Towne Apartments

601 Village Green Dr E, Mobile, AL 36609

Listing Price: Request For Offer

Number of Units
228
Gross SF
159,634

Investment Overview

The Gulf States office of Marcus and Millichap is pleased to present the exclusive opportunity to acquire Bay Towne apartments, 228 units situated in Mobile, Alabama. Bay Towne will arrive to market in the midst of a massive capital infusion. Among other projects, the asset is currently undergoing total roof and window replacement, exterior siding replacement / repair, and +/- 80 interior unit renovations. While ownership continues to inject strategic capital and increase operational efficiencies, the opportunity exists for the next investor to realize additional value by renovating all remaining classic units which would increase potential rental income in excess of $300,000.

Investment Highlights

  • 228 units arriving to market in the midst of a massive capital infusion - total roof and window replacement, exterior siding replacement / repair and +/- 80 interior unit renovations.
  • The opportunity exists for the next investor to realize additional value by renovating all remaining classic units which would increase potential rental income in excess of $300,000.
  • Situated in Mobile, Alabama which is currently experiencing 14.2% annual rent growth.

Exclusively Listed By

Listing Price: Request For Offer

Number of Units
228
Gross SF
159,634

Investment Highlights

  • 228 units arriving to market in the midst of a massive capital infusion - total roof and window replacement, exterior siding replacement / repair and +/- 80 interior unit renovations.
  • The opportunity exists for the next investor to realize additional value by renovating all remaining classic units which would increase potential rental income in excess of $300,000.
  • Situated in Mobile, Alabama which is currently experiencing 14.2% annual rent growth.

Investment Overview

The Gulf States office of Marcus and Millichap is pleased to present the exclusive opportunity to acquire Bay Towne apartments, 228 units situated in Mobile, Alabama. Bay Towne will arrive to market in the midst of a massive capital infusion. Among other projects, the asset is currently undergoing total roof and window replacement, exterior siding replacement / repair, and +/- 80 interior unit renovations. While ownership continues to inject strategic capital and increase operational efficiencies, the opportunity exists for the next investor to realize additional value by renovating all remaining classic units which would increase potential rental income in excess of $300,000.

Exclusively Listed By

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