1242 Murray Hill Court, Mobile, AL
Multi-family for Sale - $2,166,000 - 78,534 Sq. Ft. on 10.1 acres
Property Info
| CIMLS# | 93725 |
| Location 1242 Murray Hill Court Mobile AL 36606 | |
| Updated | May 9th, 2011 |
| Type | Multi-family |
| Price | $2,166,000 |
| Building | 78,534 Sq. Ft. |
| Land | 10.1 acres |
Property Description
This established apartment community provides an opportunity for a new owner to invest in physical and management improvements that will increase its value significantly. A rent increase of $50 per month will increase the value by approximately $1 million above the cost of the property and improvements. The units sprawl over a ten acre site with plenty of open space and potential to redevelop part or all of the property. Of the 122 units, 92 are one-story, ground-level units, providing an opportunity to reorient this community to a senior citizen clientele.
Contact Ernie Eden, CCIM
404.876.1640 x156
Ernie@BullRealty.com