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12-Unit Apartment Building
For Sale
Contact for pricing
Pending

55 East Dr, Mobile, AL 36608

Updated interiors and on-site parking support a compact apartment community across from the University of South Alabama.

Property SizeContact for details
Days on Market143

Property Features for 55 East Dr

General Information

Standard status Pending
Total Parking Spaces 22
Property subtype Multifamily
Occupancy 100%

Units

Unit Mix 8 x 2BR, 4 x 1BR
Multifamily Units 12
Listing Agency: Vallas Realty
Listed By: Kenny Nichols · License #AL 000111490
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 2:30AM

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 Vallas Realty

Investment Insights

Based on property information with market context.

East Winds Apartments is a 12-unit multifamily property at 55 East Drive in Mobile, positioned directly across from the University of South Alabama. The unit mix includes eight two-bedroom apartments and four one-bedroom apartments, providing varied layouts within a smaller-scale residential setting.

Interior improvements include updated bathrooms, luxury vinyl flooring, new windows, recent HVAC units, and kitchens equipped with updated appliances. The property also includes 22 parking spaces located beside the building. Its position just south of Old Shell Road places the apartments near the university and surrounding community amenities. Ownership has reported 100% occupancy since acquisition.

Key Highlights

  • 12‑unit apartment property with eight two‑bedroom and four one‑bedroom units
  • 22 parking spaces located adjacent to the building
  • Across from the University of South Alabama

Property Analytics

Current Use

East Wind Apartments Apartment Complex Cabana Beach Properties Apartment Building

Suggested Use

Top Pick Law Firm Building Supply Real Estate Agency Auto Parts Store Bakery Pharmacy

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
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

568
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 - Updated interiors and on-site parking support a compact apartment community across from the University of South Alabama.
Where is this apartment building located?
The property is located at 55 East Dr Mobile, AL.
What are key features of this property?
This property features: 12‑unit apartment property with eight two‑bedroom and four one‑bedroom units; 22 parking spaces located adjacent to the building; Across from the University of South Alabama
(251) 344-1444 Call to check price and availability
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