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Willowtree Apartments 3701 Dauphin Island Pky 32 Unit Apartment Building $1,384,771 CAD ($43,274 CAD/Unit) 23.77% Cap Rate Mobile, AL 36605

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INVESTMENT HIGHLIGHTS

  • B CLASS AREA!!!!
  • Central heat and air
  • City water and sewer
  • BRAND NEW ROOFS!!!
  • Separate electric meters
  • renovate and refinance!!!

EXECUTIVE SUMMARY

INSANE VALUE ADD AND CASHFLOW OPPORTUNITY!!!
32 units in 3 buildings. BRAND NEW ROOFS!!! Central heat and air. Separate electric meters. City water and sewer. B CLASS AREA!!!! Located in beautiful & booming Mobile, AL, home to AirBus plant and Port of Mobile. LESS THAN $32K PER UNIT IN A $70K PER UNIT MARKET!!! $1,016,400 TOTAL ASSESSED VALUE!!! Units need cosmetics, perfect for renovate and refinance!!! PROPERTY WILL GENERATE A 16%+ NET RETURN ON INVESTMENT!!! OVER $770K+ IN UPSIDE!!!
Do not miss out on this amazing opportunity.

FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $1,384,771 CAD
Price Per Unit $43,274 CAD
Sale Type Investment
Cap Rate 23.77%
No. Units 32
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
  • Multifamily Dormitory
Apartment Style Garden
Building Class C
Lot Size 1.37 AC
Building Size 17,566 SF
No. Stories 2
Year Built 1978
Parking Ratio 3.42/1,000 SF

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Carpet
  • Pantry
  • Window Coverings

SITE AMENITIES

  • 24 Hour Access
  • Security System
  • Laundry Service
  • Public Transportation
  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 16 $1,177 CAD 441
1+1 16 $1,177 CAD 578

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 32-10-40-0-001-009.01
  • 32-10-40-0-001-009
Land Assessment
$38,390 CAD (2024)
Improvements Assessment
$243,135 CAD (2024)
Total Assessment
$281,525 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
  • Listing ID: 38659660

  • Date on Market: 2025-12-04

  • Last Updated:

  • Address: 3701 Dauphin Island Pky, Mobile, AL 36605

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