π’ LIVE DEAL: 32-Unit Multifamily - Mobile, AL π₯
π Brookley Submarket | $1.75M Acquisition
THE OPPORTUNITY: π°
- Current: $711/unit β Projected: $875/unit π
- 29/32 units already renovated (2021) β
- 100% occupied, immediate cash flow πΈ
THE CATALYSTS: π«
- $380M Mobile Airport expansion opening Fall 2026 - same submarket
- 10-15 minutes to Downtown Mobile - urban access, suburban pricing ποΈ
- Airbus Manufacturing - $4.3B economic impact π
- Port of Mobile - $22B annual economic activity β
- Austal Shipyard - Major defense contractor π’
- Healthcare Hub - Multiple major medical facilities π₯
PROJECTED RETURNS: π―
- Projected 17-21% LP IRR (7-year hold) π
- Projected 2.0-2.4x equity multiple π
- 8% preferred returns π
FINANCING: π¦
- 70% LTV conventional at 6.59%
- 30-year am, 2-year I/O
INVESTMENT: π΅
- Total Equity: $787,500
- Minimum: $50K
- LP Share: 70%
Looking for investors. π₯
Drop "INFO" below for full underwriting package. π
β οΈ IMPORTANT: IRR and equity multiple are projections only. All real estate investments carry risk and you could lose some or all of your investment. Past performance does not guarantee future results.
Not financial advice.