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12-Unit Apartment Building
For Sale
$225,000
Pending

2508 Highland Dr, Mobile, AL 36617

Each residence offers a two-bedroom, one-bath layout, with renovation work underway across the property.

Property Size9,744 SF
Days on Market22

Property Features for 2508 Highland Dr

General Information

Standard status Pending
Size 9,744 SF
Property subtype Commercial

Property Condition

Severity Repairs Needed
Evidence rehab it

Units

Unit Mix 12 x 2BR/1BA
Multifamily Units 12

Additional Details

Highway Access Yes

Building Details

Year Built 2009
Listing Agency: Bellator Real Estate LLC Mobile
Listed By: Rameh Dickens Khazen · License #93507
Source: Southalabamahomesforsale
Added: Sep 19 Changed: Oct 4 Last Checked: Oct 9 at 8:06PM

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 Bellator Real Estate LLC Mobile

Investment Insights

Based on property information with market context.

This 12-unit apartment property contains 9,744 square feet and was built in 2009. Each unit has two bedrooms, one bathroom, a living room, and a kitchen with room for cabinetry and dining. Renovations have begun, and the next phase of work will depend on an assessment of the property and the scope selected by the buyer.

The property is less than ten minutes from Downtown Mobile, with access to Interstate routes, hospitals, and major employers. Parking accommodates at least 24 residents or guests.

Key Highlights

  • 12 apartments, each configured with 2 bedrooms and 1 bathroom
  • 9,744 square feet; built in 2009
  • Parking for at least 24 residents or guests

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office HVAC Service Pharmacy Kitchen & Bath Showroom

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

12
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

443
Businesses Nearby

Demographics for 36617, AL

11,408
Population
5,828
Households
2
Avg Household Size
45
Median Age
15%
College-Educated
87%
High-School Grad
4.5 sq mi
ZIP Area
2,535
Density / Sq Mi
$39,922
Median Household Income
$30,040
Median Earnings
$1,061
Median Rent
$75,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Each residence offers a two-bedroom, one-bath layout, with renovation work underway across the property.
Where is this apartment building located?
The property is located at 2508 Highland Dr Mobile, AL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 12 apartments, each configured with 2 bedrooms and 1 bathroom; 9,744 square feet; built in 2009; Parking for at least 24 residents or guests
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