Magnolia 32 Apartments Listing Details & Market Data

The Magnolia 32 Apartment property is located in the historic MidTown area of Mobile, Alabama. Several of the buildings and homes in this area were constructed from the 1880s to the 1950s and cover a wide variety of architectural styles. Strolling through this historic district, you’ll discover ancient live oak trees and magnolias forming canopies over our city streets, ferns swaying in the breeze, flowers blooming year round, and beautifully designed front porches aligning the antebellum styled homes. Overall, the property is conveniently located close to downtown, shopping, and services in a wonderful neighborhood that is rich in history and culture.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. 29 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. An on-site laundry building is available Property o! The units are not separately metered for utilities, but the tenants do reimburse the owners for utility 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.