Building Details:
• Year Built: 1940
Virginia St Apartments are being offered on an all cash basis with significant value add potential. The property contains 12 units in six single story buildings. Each unit is approx. 750 SF and has 2 bedrooms and 1 bath, and features a refrigerator, electric stove, central HVAC with gas heat, gas water heater and washer and dryer connections. Constructed in 1940, the buildings are frame construction on slabs with brick veneer and an asphalt shingled pitch roof system. The property fronts Virginia St. and has an alley on the back of the property for additional parking. It is approx.1.04 acres and has a parking ratio of 1.3 cars per unit.
• Virginia St Apartments are being offered on an all cash basis with significant value add potential. The property contains 12 units in six single story buildings. Each unit is approx. 750 SF and has 2 bedrooms and 1 bath, and features a refrigerator, electric stove, central HVAC with gas heat, gas water heater and washer and dryer connections. Constructed in 1940, the buildings are frame construction on slabs with brick veneer and an asphalt shingled pitch roof system. The property fronts Virginia St. and has an alley on the back of the property for additional parking. It is approx.1.04 acres and has a parking ratio of 1.3 cars per unit.
• Well below market rents with 100% occupancy
• 5 minutes from Downtown Mobile
• In the Leikauf Historic District
• 10 minutes to Airbus or Austal
• Has a Walk Score of 59
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- Rance Reehl, agent and Rofo Pro
