- For Sale $4,500,000
- Property Type Multi-Family
- Property Size 48,900 SF
- Units 60
- Lot Size 2.31 Acre
- Year Built 1971
- Date Updated Jun 12, 2026
Description
The Azalea Collection is located within the Mobile, Alabama MSA, a key Gulf Coast market known for its economic diversity, historic character, and strategic access to regional transportation corridors. Anchored by the Port of Mobile, one of the largest and fastest-growing ports in the United States, the market benefits from strong employment drivers in logistics, manufacturing, healthcare, and aerospace. Mobile also offers a vibrant cultural scene, highlighted by its historic downtown, waterfront amenities, and a calendar of festivals and events that contribute to a high quality of life.
The three properties within the Azalea Collection are located in close proximity to one another across the Mobile market. Bird’s Nest Apartments and The Retreat at Pleasant Valley are essentially adjacent, located steps apart on the same street, while Arbor Pointe at 100 Dairy Road is approximately 8 miles from each of the Pleasant Valley properties. This concentration could offer owners a way to streamline management and maintenance across the portfolio while still offering residents a variety of location options within established Mobile submarkets.
Situated directly adjacent to Bird's Nest in the Pleasant Valley submarket, The Retreat offers the same unparalleled access to Mobile's primary retail and employment nodes. Residents are minutes away from the shopping density of Airport Boulevard, Government Boulevard, and Dauphin Street. The location's rapid connectivity to I-65 and I-10 positions it perfectly for workforce tenants commuting to the Port of Mobile and downtown.The Retreat at Pleasant Valley is a 60-unit community consisting entirely of spacious two-bedroom, one-bathroom layouts averaging 815 square feet. Built in 1971, the property is fully renovated (excluding two non-revenue units) and operates at a flawless 100% occupancy
Situated directly adjacent to Bird's Nest in the Pleasant Valley submarket, The Retreat offers the same unparalleled access to Mobile's primary retail and employment nodes. Residents are minutes away from the shopping density of Airport Boulevard, Government Boulevard, and Dauphin Street. The location's rapid connectivity to I-65 and I-10 positions it perfectly for workforce tenants commuting to the Port of Mobile and downtown.
Highlights
- Attractive Yield: Valued at a 7.36% Year 1 Cap Rate with a projected 17.1% 5-Year IRR
- Fully Stabilized Cash Flow: With 100% occupancy and comprehensive 2025 interior renovations (including upgraded cabinets, flooring, and fixtures), the property provides durable, immediate cash flow.
- Portfolio Synergy: Positioned on the same street as Bird's Nest, the two properties combined offer 92 units of localized scale, drastically reducing maintenance and property management overhead.
- Section 8 Upside: The property is already approved for Section 8 tenants, offering a blend of market and affordable rent streams. By passing strict HUD physical inspections, the asset is primed to capture stable, government-backed yield.
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Contacts
Andrew Agee
SVN | AVAT Realty
Location
Located at 2904 Pleasant Valley Rd, MOBILE, AL 36606, this property is part of the Brookwood neighborhood and Mobile market.
Contact Listing Broker
Andrew Agee
SVN | AVAT Realty