Loma Alta Custom Double
100 Tower Drive 903 Daphne, AL 36526
100 Tower Drive 903, Daphne, AL, 36526
$699,000
For Sale
$699,000
Premium location, exquisite views, and luxurious amenities in Daphne, AL.
Property Size3,283 SF
Price / SF$212.92
Days on Market100
Property Features for 100 Tower Drive 903
General Information
- Standard status
- Active
- Size
- 3,283 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1988
Listing Agency
Coastal Alabama Real Estate
(251) 599-0950
Listed by
Kathy Guidroz · License #84195
(251) 599-0950
Source
Exitrealty
Added: Apr 9 Checked: Jul 17 at 5:16 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coastal Alabama Real Estate
Investment Insights
Based on property information with market context.
This custom double unit at Loma Alta offers 3,283 square feet of living space. The property features three bedrooms, each with its own balcony, and three baths, plus a bonus area. The split floor plan includes split-brick flooring throughout most of the living area. The kitchen is designed as a two-chef space with a large island, flowing into the dining room, which is open to the 32 ft wide living room. The oversized owner's retreat includes built-in drawers and cabinetry, a custom bathroom with an ensuite walk-in closet, and double balconies. The property provides western and southerly views of Mobile Bay. Loma Alta is a gated community with amenities including a pool, patio, poolhouse, workout area, pool table, sauna, tennis courts, and an interior racquetball area, as well as a park-like setting. The grounds are fenced. Assigned parking is included, and dues cover insurance, water, termite, and pest control.
Key Highlights
- Unparalleled views of Mobile Bay and sunsets.
- Spacious custom double unit with over 3,200 sq ft, 3 bedrooms, 3 baths, and a bonus area.
- Premium location within the Loma Alta community.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.2k | $15.60 |
| − Vacancy | −$2.6k | −$0.78 |
| EGI | $48.7k | $14.82 |
| − OpEx | −$21.9k | −$6.67 |
| NOI | $26.8k | $8.15 |
3,283 SF · lease $15.60/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$382.3K
$334.5K – $446.0K
NOI $26,760 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$789.5K
$690.8K – $921.1K
NOI $55,265 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Loma Alta Towers ...
Association / Organization
Green Robert L ...
Physician
Hammock Roy w ...
Physician
Brannan Jr John ...
Physician
New Beginnings Medical ...
Medical Clinic
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FAQs
What type of property is this?
Residential income property - Premium location, exquisite views, and luxurious amenities in Daphne, AL.
Where is this residential income property located?
The property is located at 100 Tower Drive 903 Daphne, AL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Unparalleled views of Mobile Bay and sunsets.; Spacious custom double unit with over 3,200 sq ft, 3 bedrooms, 3 baths, and a bonus area.; Premium location within the Loma Alta community.
