RE/MAX Horizons Realty Premiere Investment Team Features:
Oak Tree Apartments!
Portfolio  Sale  Of  Three  Complexes  In  Northwest  FL  And South  AL!!!

Offering Summary  Under Contract! Listing Status: Active Property Type: Multi-Family   Subtype: Garden/Low-Rise   Property: Oak Tree Apartments Address: 5675 Old Pascagoula Rd   Theodore, AL  36507.  United States Price: $1,800,000.00 Down Pmt: $290,909 Sq. Feet: 46,608 Lot Size: 2.00 acr. No. of Units: 64 Occupancy: 98 % Use Type: Investment   Investment: Cap Rate: 10.37% actual Factors: Cash-on-Cash: 17.95% actual   Price/ Unit: 22,727     Built: 1975     Gross Rent Mult:     Currency: USD

Property Description:

Oak Tree Apartments is located in Tillman's Corner in one of the fastest growing areas of Mobile County. This 64 unit complex offers both one and two bedroom floor plans The property consists of eight two story buildings on approx. two acres.

Location Description:

Oak Tree Apartments are bordered on the east side by a large shopping center, on the south by a newly constructed motel and on the west by an attractive garden-style apartment complex. Oak Tree is ideally located near shopping, banking, area churches, and schools and has excellent access to both HWY 90 and Interstate 10.

RE/MAX Horizons Realty Mark Taylor Phone: 850-476-6000 ext:3346    Kenneth Payne Phone: 850-476-6000 ext:3335

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