Oak Garden

325 Garden Lane, Chickasaw, Mobile, AL
95 Units

The Oak Garden Chickasaw Apartments were purchased on February 11, 2015, for $1,224,000 or $12,884/unit. Strategic invested $1,710,100 to renovate the property and in 2018, it appraised for $4,000,000. The property was built in 1948 and the property’s unit mix includes 35 one bedroom, and 60 two bedroom units totaling 95 units.

DETAILS

Estimated Sales Price: $4,000,000
Acquisition Price: -$1,224,000
Costs: -$1,710,100
Estimated Profit: $1,065,900