5811 Old Shell ROAD

Estimated Monthly Payment: $12,768/mo 5811 Old Shell ROAD, Mobile, AL 36608 MLS# 648698 Commercial Sale Listing Status: Active
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REMARKS:

BELMONT APARTMENTS Summary of Apartments Total of 20 Units/Total Square Footage 17, 001 8 Two Bedroom Units at 786 square feet per unit. 12 One Bedroom Units at 650 square feet per unit. Apartments were remodeled beginning in Spring of 2020 including but not limited to exterior paint and landscaping, metal roof, interior paint, kitchen fixtures, stainless steel appliances, flooring throughout, all windows were replaced, bath fixtures, tubs and shower surrounds replaced and all light/fan fixtures updated. New property management company has acquired all new tenants with 1 year minimum leases and is currently at 80% occupancy rate. The property is located directly across from the University of South Alabama and is highly visible from the intersection of Old Shell Road and University Boulevard. This property is strategically located to capitalize off of the continued growth of both Mobile and the University of South Alabama. Just west of the subject property you have the new Student Activities Center as well as new restaurants and shops or anything that residents would need while living here. Owner is a licensed real estate agent in the State of Alabama. Square footage is deemed accurate but not guaranteed. This property includes a vacant, undeveloped commercial lot that runs along Long Street and the apartments. Seller will consider splitting the two properties and selling individually. One of the Owners is a licensed Real Estate agent state of Alabama.

OVERVIEW:

Commercial Sale
Springhill/USA
KOHNS
Brick
Slab
MTL-SEAM
On Site
Central
Central Air
At Site
At Site

FEATURES:

Ceiling Fan(s)

ROOM INFO:

Carpet, Vinyl
Double Pane Windows

FINANCIAL:

$2,800,000

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of RE/MAX REALTY PROFESSIONALS, Donna M. Gardner

 

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