2604 Dauphin Street

• Newly Renovated 32 Unit Apartment Property
• 100% Occupancy May 2024
• Fantastic Location, Convenient to Downtown, Shopping, and Services
• Easy Maintenance Brick Siding with Ample Parking
• Units Include New Stainless Steel Stoves, Refrigerators, Dishwashers
• New Roofs, Exterior Paint & Low Maintenance Landscaping

Property Description

SVN Southland Commercial is proud to present The Magnolia 32 Apartments! This newly renovated development enjoys a desirable location in the historic Midtown area of Mobile, Alabama, a unique neighborhood that is rich in history and culture. Magnolia 32 is within walking distance of cafes, lounges, and shopping, and convenient to downtown, schools, universities, and services. The Magnolia 32 development contains 32 apartment units within 2 two-story buildings with interior stairwells providing access to the second floor units. The buildings were constructed in 1972, are wood frame construction, with low maintenance brick veneer. New exterior renovations included new roofs, low maintenance landscaping, and fresh exterior paint. All of the units in this development contain two-bedrooms and one bath, averaging 865 square feet in size. 30 of the units were renovated in 2022-2023, including new stainless-steel dishwashers, oven/stoves, and refrigerators, disposals, new cabinet faces, countertops, recessed lighting, fresh paint, and luxury vinyl plank floor coverings, and more! New HVAC units, windows, and doors were replaced as needed. Onsite laundry room with 2 coin operated washers and dryers is available for all residents or there are stackable washer/dryer hookups in the units. Property at 100% occupancy May 2024, The units are not separately metered for water, but the tenants reimburse the owners for water & garbage expenses. Whether you're a seasoned multifamily investor or just starting in investing, this is a fantastic opportunity add to your portfolio! DO NOT contact property manager or tenants. For additional information or to schedule a tour, please call Lisa Bradley at 850-712-2232.