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1967 East Bend Circle, Center Point, AL 35215
110 Units | Multifamily
Multifamily Property - Off Market
- No. Units:
- Building Size:
- 104,880 SF
- Property Type:
- Property Sub-type:
- Property Use Type:
- Cap Rate:
- Lot Size:
- 7.86 AC
- Listing ID
- Last Updated
- 14 days ago
Summer Rise is part of a two-property portfolio in Centerpoint, AL, consisting of Summer Rise and Summer Terrace Apartments.
Summer Rise and Summer Terrace offer investors the opportunity to acquire two performing properties totaling 250 units located in Birmingham, AL. The assets can be acquired together as a portfolio or separately. By implementing a shared management plan and increasing revenues, new ownership can realize increased income and NOI.
The portfolio is located in the Birmingham MSA which is the most populous area in the state of Alabama. The MSA has historically experienced consistent, measured growth as the major municipalities do not allow for new multifamily zoning. Average apartment vacancy rates have held in the mid-4% to mid-5% range for much of the past decade. The assets are located in immediate proximity to Center Point Parkway (Hwy 75) with convenient access to I-59 and I-459 which provide connectivity to all areas of the MSA.
Map of 1967 East Bend Circle, Center Point, AL 35215 (Jefferson County)
Research for 1967 East Bend Circle, Center Point, AL 35215 (Jefferson County)
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P