Berkshire Apartments | Fully Vacant, Value-Add Upside

$500,000 Starting Bid

Auctioneer: Daniel Culps

Auctioneer Company: c/o Fisher Auction Company Inc.

Auctioneer License: 5070

Brokered by Matthews and powered by RealINSIGHT Marketplace, Berkshire Apartments is a fully vacant 96-unit multifamily property located at 4021 Seabreeze Road North in Mobile, Alabama. The asset is being offered with no in-place leases or legacy tenancy, giving a buyer complete control over the renovation scope, unit finishes, rent levels, resident screening and lease terms from day one. Full vacancy also removes the relocation and phasing constraints that typically slow an occupied value-add business plan, allowing interiors, building systems and common areas to be addressed in a single coordinated effort. Once renovations are complete, every unit can be brought to market at post-renovation rents, so the lease-up captures the full rent lift rather than waiting on natural turnover. With 96 units, the property offers enough scale to spread renovation, marketing and on-site staffing costs efficiently, making Berkshire Apartments a clear repositioning and lease-up play for an operator ready to execute a full value-add strategy in Mobile.

96-Unit Multifamily Community in Mobile: Sizable unit count on Seabreeze Road North lets a buyer spread renovation and staffing costs widely

Fully Vacant Asset Offers a Clean Slate: No in-place leases or legacy tenants, giving a new owner full control of rents, screening and terms.

Full Renovation and Repositioning Upside: Vacancy allows interiors, systems and common areas to be renovated at once with no relocations.

Lease-Up From Zero Sets Up NOI Growth: Every unit can be leased at post-renovation rents, so stabilization captures the full rent lift.

View details and diligence materials on RI Marketplace: