Fully Occupied 34-Unit Apartment
For Sale
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6601 Old Shell Rd, Mobile, AL 36608
Built in 1973, this fully occupied 34-unit multifamily property offers consistent two-bedroom, one-bath units.
Property Size32,300 SF
Days on Market97
Property Features for 6601 Old Shell Rd
General Information
Standard status
Active
Size
32,300 SF
Property subtype
Multifamily
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
34
Building Details
Building Size
32,300 SF
Year Built
1973
Tenancy
Multi
Listed By:
Andrew Agee
(256) 653-0065
Source:
Svn
Added: Jul 12
Changed: Oct 4
Last Checked: Oct 14 at 10:00PM
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 Andrew Agee
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Investment Insights
Based on property information with market context.
Presenting Shell Pointe Apartments, a fully occupied 34-unit multifamily community built in 1973. The property features a consistent unit mix of two-bedroom, one-bathroom floorplans averaging 950 square feet, with recent strategic updates and improvements. The community is positioned as a stable, going-in income asset, with the remarks citing day-one expense reductions through a newly secured insurance policy and normalization of past non-recurring repair and maintenance costs.
Located at 6601 Old Shell Road in the West Mobile submarket, the property is described as being about one mile from the University of South Alabama, supporting steady housing demand. The offering also notes proximity to major employers, including the Port of Mobile and Austal USA and Airbus, as additional support for tenant stability.
Located at 6601 Old Shell Road in the West Mobile submarket, the property is described as being about one mile from the University of South Alabama, supporting steady housing demand. The offering also notes proximity to major employers, including the Port of Mobile and Austal USA and Airbus, as additional support for tenant stability.
Key Highlights
- Fully occupied 34‑unit multifamily community built in 1973 at 6601 Old Shell Road
- All units are 2‑bedroom, 1‑bath floorplans averaging 950 SF
- Near University of South Alabama (about 1 mile) with a 14,000‑student enrollment stated in the remarks
Property Analytics
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Current Use
Lease Details
34
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
251
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Built in 1973, this fully occupied 34-unit multifamily property offers consistent two-bedroom, one-bath units.
Where is this apartment building located?
The property is located at 6601 Old Shell Rd Mobile, AL.
What are key features of this property?
This property features: Fully occupied 34‑unit multifamily community built in 1973 at 6601 Old Shell Road; All units are 2‑bedroom, 1‑bath floorplans averaging 950 SF; Near University of South Alabama (about 1 mile) with a 14,000‑student enrollment stated in the remarks
