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100 Long St, Mobile, AL, 36608

Jaguar Cottages
$5,900,000

Key Information

Cap Rate
6.22%
$ per SF
$163
Tot. SF
36,156
Lot Size
2.48 Acres
Units
27
Year Built
2021
Type
Apartments
Occupancy
94%
NOI
$366,692

Highlights

  • Strong In Place Cash Flow: The property was 99% leased for the current academic year (2025/2026) and already 94% preleased for the upcoming academic year (2026/2027) making for consistent, immediate cash flow
  • Walkable To Campus: Located within steps to the University of South Alabama, providing highly desirable off-campus housing with optimal convenience
  • Premium Amenities & Finishes: All units include granite countertops, stainless steel appliances, polished concrete floors, 9-foot ceilings, and full size washer & dryers while also featuring full front porches and private backyard spaces, enhancing appeal and livability.
  • Boutique Style Living With Cottage Style Construction: Property features detached style cottages that provide enhanced privacy, individual entrances, and a true neighborhood feel that is unique living experience for students
  • Long Term Growth and Upside Potential: Rents are up conservatively 4.2% through preleasing with no new construction in the pipeline creating the fundamentals for consistent year-over-year rent increases as enrollment continues to grow
  • Proximity to National Retailers: Convenient access to Target, Walmart Supercenter, and Publix, providing tenants with immediate access to everyday shopping and essentials

Photos

Location

Agents

Broker of Record

Hutt Cooke

License # 000110253 - 0, 000168807-0 (AL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203