Springhill Oaks Condos
17 Unit Condos, Beautifully Renovated, Top Demographics in Mobile
Marketing description
Springhill Oaks is a 17-unit condominium portfolio within a renovated 64-unit residential community located at 3655 Old Shell Road in Mobile’s Spring Hill submarket. The Owner completed a comprehensive redevelopment of the property and is now offering its remaining interest as a single portfolio acquisition, creating the opportunity to acquire a well-located, renovated residential asset in one of Mobile’s most established neighborhoods
Investment highlights
26% Discount to Individual Asset Pricing At $165,000 per door, the portfolio is being offered at an approximate 26% discount to individual asset pricing based on recent sales comps, driving approximately $1M of day one embedded equity upside.
Mark-to-Market Revenue Upside.
The portfolio is underwritten at $1,721 per month, approximately $452 below the $2,173 market average along the Old Shell Road corridor. That conservative entry point creates room for upside as the units stabilize under professional management.
Prime Spring Hill Location.
Springhill Oaks is located in Mobile’s established Spring Hill submarket, with direct access to I-65, proximity to schools and medical facilities, and walkable retail and dining along Old Shell Road.
Flexible Exit Strategy
Because the units are individually deeded condominiums, the buyer can hold the portfolio as a rental investment, sell units individually over time, or pursue a blended hold-and-sale strategy.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
