2904 Pleasant Valley Rd
- Fully Stabilized Cash Flow: With 100% occupancy and comprehensive 2025 interior renovations (including upgraded cabinets, flooring, and fixtures), the property provides durable, immediate cash flow.
- Portfolio Synergy: Positioned on the same street as Bird's Nest, the two properties combined offer 92 units of localized scale, drastically reducing maintenance and property management overhead.
- Section 8 Upside: The property is already approved for Section 8 tenants, offering a blend of market and affordable rent streams. By passing strict HUD physical inspections, the asset is primed to capture stable, government-backed yield.
- Attractive Yield: Valued at a 7.36% Year 1 Cap Rate with a projected 17.1% 5-Year IRR
Property Description
The Retreat at Pleasant Valley is a 60-unit community consisting entirely of spacious two-bedroom, one-bathroom layouts averaging 815 square feet. Built in 1971, the property is fully renovated (excluding two non-revenue units) and operates at a flawless 100% occupancy Situated directly adjacent to Bird's Nest in the Pleasant Valley submarket, The Retreat offers the same unparalleled access to Mobile's primary retail and employment nodes. Residents are minutes away from the shopping density of Airport Boulevard, Government Boulevard, and Dauphin Street. The location's rapid connectivity to I-65 and I-10 positions it perfectly for workforce tenants commuting to the Port of Mobile and downtown.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $4,500,000 |
| No. of Units: | 60 |
| Year Built: | 1971 |
| Lot Size: | 2.31 Acres |
| Opportunity Zone: | No |
| Price per unit: | $75,000 |
| Property Website | Click Here |
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