Property tours are available by appointment ONLY. Please contact David Monroe to schedule at DMonroe@TeamBeck.com or 251.508.0010. Investment Highlights: 44-Unit Apartment Building with Value-Add potential ±80% occupied with monthly rents averaging $545/unit Value-add opportunity through stabilization and future increase of rents at market rates Located in a strong rental market near retail demand drivers and just minutes from the new McGowin Park Power Center Investment Overview: Oak Knoll Apartments is a value add opportunity comprised of 44 multifamily apartments located at 1302 Navco Road Mobile, AL. Situated on a ±2.4 AC parcel, Oak Knoll Apartments contains forty four (44) 2BR/1BA units totaling approximately 950 SF each. The property was developed in 1966 and contains 6 separate building structures made of frame construction on slab with brick veneer and pitched roofs. Each ground floor unit has both front and rear access and the second floor apartments are accessed from either the front or rear breeze way. Oak Knoll Apartments offers excess parking (±90 surface spaces) and laundry facility. Oak Knoll Apartments is currently ±80% occupied with current monthly rents between $500-550. Of the 44 units, there are currently 4 down units that were damaged in a fire, 1 unit that is being used as an office, and 1 unit used as a storage room. The 4-unit building with fire damage has two units which were severely damaged and 2 units that suffered smoke damage. This building is currently vacant and offers a value add opportunity through repair and lease-up. Oak Knoll Apartments is located within a strong rental market and presents an opportunity to update all units and bring the rents up $50-$100 each, depending on the upgrades. Mobile, AL is the most populous city within in Mobile County, and the largest municipality on the Gulf Coast between New Orleans, Louisiana, and St. Petersburg, Florida. Oak Knoll Apartments is located in a strong rental market just minutes from the new McGowin Park Power Center anchored by Costco/Hobby Lobby/Best Buy/Dick's/Field & Stream and Bed Bath & Beyond and is adjacent to Food for Less and Family Dollar. The market has seen a significant increase in jobs from the new Airbus plant, the announcement of the new Walmart main distribution facility totaling ±1.9 million SF and the increase in Austal contracts for 12 more Littoral ships for the US Navy. The 2016 total population and average household income within a five-mile radius is ±137,347 and ±$56,018 respectively with anticipated growth in the coming years. Mobile is the largest city in the Mobile-Daphne?Fairhope CSA, with a total population of 604,726, the second largest in the state. This property affords investors a value add opportunity by increasing current rents to market rates through renovations and sourcing new tenants with a lease-up strategy to increase overall occupancy. This property will be auctioned on Monday, February 13 - Wednesday, February 15 . The price displayed is the starting bid amount of $250,000. For information and to register to bid on this property, please visit Ten-X.com.