Azalea Court Apartments Mobile Alabama
Hi I’m David Monroe with Beck Partners Commercial Real Estate’s Multifamily Division. Today is March 25th, 2016 and welcome to today’s Multifamily Minute.
I just wanted to take a minute and let you know that Azalea Court Apartments sold this month for $1,025,450 or $44,580 per unit.
Azalea Court is an historic 23 unit property built in 1929 in Midtown Mobile, Alabama with 17 one bedroom units and six 2 bedroom units all with 10 foot high ceilings. The property was 100% occupied at the time of the sale. The seller was originally asking $1,250,000 and the property was on the market for more than 3 years.