Multifamily Housing - For Sale
1253 Cottrell Street Mobile, AL 36605
Details & Description
Price: $1,390,000
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.000
  • Building Sq Ft 15,000
  • Building Price per Sq Ft $83.33
Current management feels that substantial rental increases are warranted, leaving plenty of meat on the bone for new investors. Some of the homes have newer updates, varying from exterior to interior finishes, but there is certainly value add left for prospective purchasers.
Property Highlights
 16 single family rental homes for sale in the booming rental market of Mobile, AL.
 14 of 15 homes are occupied and all of them have professional management in place.
Additional Photos
Listing Agents
Alex Kyriazis

O: 251-591-9390
alexk@lahcommercial.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

1253 Cottrell Street

Mobile, AL 36605

Listing ID: 301741
Property No Longer Listed
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.000
  • Building Sq Ft 15,000
  • Building Price per Sq Ft $83.33
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Property Highlights
 Call for SF and Acreage
 16 single family rental homes for sale in the booming rental market of Mobile, AL.
 14 of 15 homes are occupied and all of them have professional management in place.
 All homes located in good public school systems.
 Call or email brokers for more property details and financials.
Description

Current management feels that substantial rental increases are warranted, leaving plenty of meat on the bone for new investors. Some of the homes have newer updates, varying from exterior to interior finishes, but there is certainly value add left for prospective purchasers.

Attachments & Files

Mobile Area Market Trends

Listing Demographics for 1253 Cottrell Street Mobile, AL 36605

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population7,14047,24698,945
Population Median Age363838
Population by Age0-9 Yrs1162 (16%)6023 (12%)12458 (12%)
10-19 Yrs856 (11%)5798 (12%)11624 (11%)
20-29 Yrs1079 (15%)7039 (14%)16282 (16%)
30-39 Yrs850 (11%)6435 (13%)12934 (13%)
40-49 Yrs1001 (14%)5753 (12%)10717 (10%)
50-59 Yrs828 (11%)5882 (12%)12888 (13%)
60-69 Yrs928 (12%)6220 (13%)12316 (12%)
70+ Yrs436 (6%)4097 (8%)9725 (9%)
Median HH Income$20,371$39,825$38,915
Total Household Income< 24K1552 (55%)6946 (36%)14369 (35%)
25-49K693 (24%)4486 (23%)10039 (24%)
50-74K304 (10%)2880 (15%)6685 (16%)
75-99K136 (4%)1661 (8%)3454 (8%)
100-199K85 (3%)2533 (13%)4693 (11%)
200K+13 (0%)637 (3%)1148 (2%)
Highest Education LevelNo Diploma102443288841
Diploma or GED20841098922632
Some College956601313281
Assoc. Degree34822185534
Bachelors Degree133557610771
Higher Degree16433256366
Total Housing Units3,92524,06649,906
--Owner-Occupied9029,06118,502
--Renter-Occupied1,88110,08221,887
Owner-Occupied Values< 100K71340018822
100-199K13229265567
200-299K3912242048
300-399K2413800
400-499K2243614
500K+14254650
Total Working Age Population5,37337,71079,586
In Work Force2,62821,62144,891
Not In Work Force2,74516,08934,695
Workforce Employed2,22020,04141,583
Workforce Unemployed3991,5253,221
Civlian Workforce2,62021,56644,804
Military Workforce95587
Total Households2,78319,14340,388
Family Households1,49710,13521,652
Non-Family Households1,2869,00818,737
Married Couple4105,29411,474
Other Family1,0874,84110,177
Married w/Child1201,6103,261
Single Male w/Child10324756
Single Female w/Child4362,1174,225

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Alabama4,447,100+74,779,736+34,940,253+45,124,380
Mobile County399,843+3412,992+1416,420+2423,249
Baldwin County140,415+30182,265+22222,554+18261,777

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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Closest Commercial Airports
Airport Distance (mi)
Mobile Regional Airport (MOB) 11
Gulfport Biloxi International Airport (GPT) 62
Destin-Ft Walton Beach Airport (VPS) 93