6601 Old Shell Rd, Mobile, AL 36608

Studio-- baths29,372 sqft

Off Market
Zestimate®: $1,041,377
Rent Zestimate®: $1,297/mo
 
 
 
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This home is not currently listed for sale or rent on Zillow.

A Zestimate® home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

A Rent Zestimate® is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property.

My Notes

Edit
ATTENTION INVESTORS! This is a 34 unit apartment complex with 3 buildings on 1.84 acres. There is a separate laundry room with 3 washers and 3 dryers and there is additional income from laundry. All the units are 2BR/1BA and approximately 840 square feet. There is a refrigerator, stove, oven and dishwasher in each unit. There are currently 30 units occupied and the property is being sold at a Cap Rate of 9.98%. Financials will be provided after a confidentiality agreement is signed. Seller is motivated and all offers will be considered. All measurements are approximate and not guaranteed.

Facts

  • Multi Family
  • Built in 1973
  • Cooling: Central
  • Heating: Forced air
  • Last sold: Dec 2009 for $1,200,000

Features

  • Pool

      Appliances Included

      • Dishwasher
      • Range / Oven
      • Refrigerator
      • Washer

      Room Types

      • Dining room
      • Family room

      Construction

      • Exterior material: Vinyl
      • Roof type: Built up
      • Room count: 137
      • # Stories: 2.0

      Other

      • Floor size: 29,372 sqft
      • Last remodel year: 1989
      • Laundry: In Unit
      • Parcel #: R022804201001003.
      • Zillow Home ID: 104016564

      Zestimate Details

      Zestimate
      A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

      The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

      Don't agree with your home's Zestimate? Owners can edit their home facts to make the Zestimate more accurate. Plus, you can leave an opinion on your Zestimate value below. Just click "Owner Estimate".
      $1,041,377
      -$55,066 Last 30 days
      $864K
      $1.47M
      Zestimate range
      Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

      The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
      $1,297/mo
      +$15 Last 30 days
      $506
      $2.6K
      Zestimate range

      Popularity on Zillow

      702 all-time views
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      Neighborhood

      Market guide

      Zillow predicts Reichlieu home values will rise 2.3% next year, compared to a 2.3% rise for Mobile as a whole. Among Reichlieu homes, this home is valued 664.6% more than the midpoint (median) home, but is valued 52.1% less per square foot.

      Foreclosures will be a factor impacting home values in the next several years. In Reichlieu, the number of foreclosures waiting to be sold is 47.8% lower than in Mobile, and 4% less than the national average. This lower local number could help Reichlieu home values rise more quickly than other regions in Mobile.

      Learn more about forecast calculations or Reichlieu home values.
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        Nearby Schools in Mobile

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