JAGUAR COTTAGES

CLICK HERE TO VIEW OFFERING MEMORANDUM

SP Multifamily Group of Marcus & Millichap is pleased to present qualified investors with the opportunity to acquire Jaguar Cottages. Jaguar Cottages is located in Mobile, AL and is conveniently situated across the street from University of South Alabama’s main campus. Jaguar Cottages was built in 2021 and consists of 27 Units and 82 student housing beds. Each unit is its own standalone cottage which offers a true home feeling for the students attending University of South Alabama. Jaguar Cottage’s interiors boast premium finishes such as stainless-steel appliances, raised panel cabinetry, granite countertops, vinyl plank/stained concrete floors, washer/dryer appliances and bed/bath parity. Jaguar Cottages offers the opportunity for a new buyer increase the current rents by 15% by furnishing all units and marketing the units to the tenant pool as fully furnished units.

 

Property tours are by appointment only. Please contact one of the listing brokers below to schedule tours.

27 | 82
UNITS | BEDS

36,156
SQFT

2021
YEAR BUILT

PRICED AT
MARKET BID

VITAL PROPERTY DATA

  • Property Addresses: 5807 Waltman Lane, Mobile, AL

  • NUMBER OF UNITS: 27

  • NUMBER OF BEDS: 82

  • RENTABLE SQUARE FOOT: 64,203 SF

  • AVERAGE UNIT SIZE: 1,339 SF

  • NUMBER OF BUILDINGS: (27) Residential

  • LOT SIZE: 0.45 Acres +/-

  • FINANCING: Free and Clear

CLASS-A STUDENT HOUSING ASSET WITH RENTAL UPSIDE

  • Unique Class-A Cottage Style Student Housing Asset Consisting of 82-Beds/27-Units Built in 2021

  • Premium Unit Interior Finishes Include Stainless Steel Appliances, Vinyl Plank and Stained Concrete Floors, Raised Panel Cabinetry, Granite Countertops and More

  • Value Add Opportunity of Furnishing all Units and Increasing Rents by 15.47%

  • Across the Street From University of South Alabama Which Provides Superior Walkability to Campus

  • USA Completed Construction on a $79 Million Football Stadium in 2020

  • Located 0.1 Miles from Old Shell Road (Major East/West Retail and Restaurant Corridor)

  • Only 0.2 Miles from University Blvd which Includes Publix Supermarket, CVS, Chick-Fil-A, Mellow Mushroom and More

PREMIER STUDENT HOUSING LOCATION

  • 1-Minute to University of South Alabama (14,222 Total Enrollment)

  • 2-Minutes to Jaguar Gym (On Campus Student Gym)

  • 3-Minutes to Publix Super Market, Chick-Fil-A, and CVS

  • 4-Minutes to Hancock Whitney Stadium (USA Football Stadium)

  • 8-Minutes to Providence Hospital

  • 9-Minutes to Legacy Hill Shopping Plaza (lululemon, Jos. A. Bank, etc.)

  • 9-Minutes to Spring Hill Medical Center

  • 12-Minues to Mobile Regional Airport

MOBILE COUNTY, AL: AT A GLANCE

  • Average Household Income of $62,345

  • 3.9% Unemployment Rate (Bureau of Labor Statistics)

  • Total Gross Domestic Product of $21 Billion in 2021 (St. Louis FED)

  • Home to University of South Alabama (14,222 Total Enrollment)

  • 27.2% Projected 10-Year Job Growth (Bestplaces)

  • Major Shipping and Logistical Port in the Northern Gulf of Mexico

  • 651,273 MSA Population (U.S. Census Bureau)

DEAL TEAM CONTACTS

Benjamin Skinner
Associate Director | Senior Investment Associate
O. (407) 557-3889
Benjamin.Skinner@marcusmillichap.com

Matthew Prozzillo
Associate Director | Senior Investment Associate
O. (407) 557-3888
Matthew.Prozzillo@marcusmillichap.com

Contact an Agent Listed Above to Schedule Property Tours