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Student Housing Cottage Property
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5807 Waltman Ln, Mobile, AL 36608

Built in 2021, this student housing property includes 27 standalone cottages with washer/dryer and granite countertops.

Property SizeContact for details
Days on Market121

Property Features for 5807 Waltman Ln

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 27

Amenities

stainless-steel appliances
raised panel cabinetry
granite countertops
vinyl plank/stained concrete floors
washer/dryer appliances
bed/bath parity

Building Details

Year Built 2021
Listing Agency: Marcus & Millichap - Birmingham
Listed By: Josh Jacobs · License #AL
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 21 at 1:21PM

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 Marcus & Millichap - Birmingham

Investment Insights

Based on property information with market context.

Jaguar Cottages is a multifamily student housing property built in 2021 featuring 27 units configured as standalone cottages. The property provides 82 student housing beds. Interiors include premium finishes such as stainless-steel appliances, raised panel cabinetry, granite countertops, vinyl plank/stained concrete floors, and washer/dryer appliances.

The property is located in Mobile, AL at 5807 Waltman Ln and is described as being across the street from the University of South Alabama’s main campus.

The offering is presented to investors interested in adjusting operating strategy, including the stated opportunity to increase current rents by furnishing all units and marketing them as fully furnished units.

Key Highlights

  • Built in 2021, Jaguar Cottages is a student housing property with 27 standalone cottages and 82 student housing beds.
  • Conveniently located in Mobile, AL, across the street from the University of South Alabama’s main campus.
  • Each cottage includes washer/dryer appliances, plus granite countertops and vinyl plank/stained concrete floors.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Law Firm Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

27
Residential units

Location Intelligence

Trade Area within ½ mile

534
Businesses Nearby

Demographics for 36608, AL

39,782
Population
17,690
Households
2.2
Avg Household Size
34
Median Age
42%
College-Educated
93%
High-School Grad
65.1 sq mi
ZIP Area
611
Density / Sq Mi
$64,372
Median Household Income
$37,530
Median Earnings
$1,045
Median Rent
$234,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Built in 2021, this student housing property includes 27 standalone cottages with washer/dryer and granite countertops.
Where is this apartment building located?
The property is located at 5807 Waltman Ln Mobile, AL.
What are key features of this property?
This property features: Built in 2021, Jaguar Cottages is a student housing property with 27 standalone cottages and 82 student housing beds.; Conveniently located in Mobile, AL, across the street from the University of South Alabama’s main campus.; Each cottage includes washer/dryer appliances, plus granite countertops and vinyl plank/stained concrete floors.
More about this property
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