Oak Garden Apartments - 325 Garden Ln, Mobile, AL 36611

The asset is a 95 unit multifamily complex with 97% occupancy located in Chickasaw, a suburb of Mobile, the second most populous MSA in Alabama.  This property offers the new owner opportunities to enhance value through capitalizing on rent deltas and implementing other revenue-generating amenities. 

Located approximately 1.5 miles from I-65 and I-165 in the Mobile MSA and less than 10 miles to the Mobile Aeroplex at Brookley and the Port of Mobile, which employs directly and indirectly over 124,000.

The recent $1.55 million capital campaign completed in 2016 and 2017 included roofing, wiring/electrical, piping/plumbing, windows, unit interiors, HVAC, asphalt, parking lot/concrete, appliances and flooring. 

One and two bedroom units with an average unit size of 860 square feet.  Brick exterior, mature landscaping with large trees and fenced complex.

New windows
New roofing
Updated interiors
HVAC repairs/replacements
Wiring/Electrical upgrades
Piping/Plumbing upgrades
Brick exterior
Beautifully landscaped with mature trees
Fenced complex with single entrance
97% Occupancy