Two-Bedroom Multifamily
For Sale
Contact for pricing
1706 Virginia Street, Mobile, AL 36604
Multifamily portfolio with 2-bedroom apartment floor plans constructed in 1950 and 1988 near Mobile’s city core.
Property SizeContact for details
Days on Market125
Property Features for 1706 Virginia Street
General Information
Standard status
Active
Property subtype
Multifamily
Listing Agency:
SVN | AVAT Realty, LLC
Listed By:
Paul McDonald · License #AL
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 21 at 5:27AM
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 SVN | AVAT Realty, LLC
Investment Insights
Based on property information with market context.
This multifamily portfolio includes apartment buildings constructed in 1950 and 1988, offering all 2-bedroom floor plans. The offering is presented as a Wine Cartwheels Portfolio, with income figures based on actual T-12 performance and a projected outlook after renovation.
The property is located at 1706 Virginia Street in Mobile, Alabama, near the city core and only blocks away from where the new city airport will be built. The apartments are described as being within miles of various retailers and restaurants.
The portfolio is marketed with over $75,000 in NOI based on actual T-12, along with a stated 10.02% cap rate. Projected NOI is provided at $94,000 after renovation, with a stated 12.60% cap rate.
The property is located at 1706 Virginia Street in Mobile, Alabama, near the city core and only blocks away from where the new city airport will be built. The apartments are described as being within miles of various retailers and restaurants.
The portfolio is marketed with over $75,000 in NOI based on actual T-12, along with a stated 10.02% cap rate. Projected NOI is provided at $94,000 after renovation, with a stated 12.60% cap rate.
Key Highlights
- Multifamily portfolio with 2‑bedroom apartment floor plans
- Buildings constructed in 1950 and 1988
- $75,000+ in NOI based on actual T‑12 with a 10.02% cap rate
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
142
Businesses Nearby
Explore this area
Business Placement
Demographics for 36604, AL
8,798
Population
5,032
Households
1.7
Avg Household Size
40
Median Age
42%
College-Educated
93%
High-School Grad
2.6 sq mi
ZIP Area
3,384
Density / Sq Mi
$60,750
Median Household Income
$37,926
Median Earnings
$892
Median Rent
$236,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily portfolio with 2-bedroom apartment floor plans constructed in 1950 and 1988 near Mobile’s city core.
Where is this apartment building located?
The property is located at 1706 Virginia Street Mobile, AL.
What are key features of this property?
This property features: Multifamily portfolio with 2‑bedroom apartment floor plans; Buildings constructed in 1950 and 1988; $75,000+ in NOI based on actual T‑12 with a 10.02% cap rate
