For Auction
Asset Snapshot
Investment Highlights
Offering Summary
Brokered by Matthews and powered by RealINSIGHT Marketplace, Berkshire Apartments is a fully vacant 96-unit multifamily property located at 4021 Seabreeze Road North in Mobile, Alabama. The asset is being offered with no in-place leases or legacy tenancy, giving a buyer complete control over the renovation scope, unit finishes, rent levels, resident screening and lease terms from day one. Full vacancy also removes the relocation and phasing constraints that typically slow an occupied value-add business plan, allowing interiors, building systems and common areas to be addressed in a single coordinated effort. Once renovations are complete, every unit can be brought to market at post-renovation rents, so the lease-up captures the full rent lift rather than waiting on natural turnover. With 96 units, the property offers enough scale to spread renovation, marketing and on-site staffing costs efficiently, making Berkshire Apartments a clear repositioning and lease-up play for an operator ready to execute a full value-add strategy in Mobile.
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Buyer pays a minimum platform fee of 5% or $25,000 at closing.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
