Oak Garden Apartment
For Sale
Contact for pricing
400 Garden Ln, Chickasaw, AL 36611
Established multifamily community with recent exterior upgrades and occupancy near 100%.
Property SizeContact for details
Days on Market143
Property Features for 400 Garden Ln
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Cap Rate
6%
Multifamily Units
96
Listing Agency:
Marcus & Millichap - Birmingham
Listed By:
Josh Jacobs · License #AL
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 11:58AM
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.
Oak Garden Apartments is a 96-unit multifamily property at 400 Garden Ln in Chickasaw, Alabama. The community has undergone substantial physical improvements, including installation of all new windows and replacement of 50% of the roofs during the past 5 years. Interior upgrades provide an additional avenue for light value enhancement.
The property is positioned in the Chickasaw submarket, approximately 10 minutes from downtown Mobile. Occupancy remains near 100%, supporting an established operating profile. The asset is offered with an in-place 6% cap rate and continued organic rent-growth potential identified in the property information.
The property is positioned in the Chickasaw submarket, approximately 10 minutes from downtown Mobile. Occupancy remains near 100%, supporting an established operating profile. The asset is offered with an in-place 6% cap rate and continued organic rent-growth potential identified in the property information.
Key Highlights
- 96‑unit apartment community in Chickasaw, Alabama
- Approximately 10 minutes from downtown Mobile
- All windows replaced during the past 5 years
Property Analytics
Current Use
Lease Details
96
Residential units
Location Intelligence
Trade Area within ½ mile
192
Businesses Nearby
Explore this area
Business Placement
Demographics for 36611, AL
6,457
Population
2,713
Households
2.4
Avg Household Size
36
Median Age
12%
College-Educated
88%
High-School Grad
4.9 sq mi
ZIP Area
1,318
Density / Sq Mi
$42,854
Median Household Income
$30,553
Median Earnings
$945
Median Rent
$110,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Established multifamily community with recent exterior upgrades and occupancy near 100%.
Where is this apartment building located?
The property is located at 400 Garden Ln Chickasaw, AL.
What are key features of this property?
This property features: 96‑unit apartment community in Chickasaw, Alabama; Approximately 10 minutes from downtown Mobile; All windows replaced during the past 5 years
