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Hillside Circle Apartments 101 Hillside Cir 95 Unit Apartment Building For Sale Gadsden, AL 35903
Investment Highlights
- 100% Vacant – Ready for full renovation
- Unit Mix: (30) 1BR/1BA @ 600 SF & (65) 2BR/1BA 880 SF
- Strong rental demand in a limited supply market
- 95 Units | 33 Brick Buildings | 76,000 SF
- Townhome-Style Layouts – Highly desirable
- Ideal for value-add investors & developers
Executive Summary
Marcus & Millichap is pleased to present an exceptional redevelopment opportunity at 101 Hillside Circle, Gadsden, Alabama. This fully vacant, 95-unit multifamily asset offers a rare value-add investment with significant upside potential in a supply-constrained market experiencing rising rental demand.
Situated on a spacious site with 33 individual brick buildings totaling approximately 76,000 square feet, the property features townhome-style floor plans that provide a more residential, private living experience compared to traditional apartment layouts. The unit mix includes (30) one-bedroom, one-bathroom units of approximately 600 square feet each, and (65) two-bedroom, one-bathroom units, offering flexibility and broad appeal to future tenants.
With 100% vacancy, the property is primed for a full-scale renovation and repositioning to meet modern renter expectations. The asset presents a clean slate for an experienced operator to implement interior and exterior upgrades, optimize layouts, and capitalize on a growing demand for quality workforce housing in the Gadsden area.
Strategically located with convenient access to local employers, schools, retail corridors, and major thoroughfares, 101 Hillside Circle is well-positioned to attract long-term tenants and generate strong stabilized cash flow upon completion of improvements.
This is an ideal investment for developers or value-add investors seeking to transform a well-located, structurally sound property into a high-performing multifamily asset in a rebounding submarket.
With strong rental fundamentals and a flexible unit mix, this property is a blank canvas for repositioning and long-term cash flow.
If you’re actively seeking deep value-add opportunities in stable secondary markets, this is one you’ll want to review.
Please sign CA to view Deal Room: https://www.marcusmillichap.com/properties/185743/hillside-circle-apartments
Situated on a spacious site with 33 individual brick buildings totaling approximately 76,000 square feet, the property features townhome-style floor plans that provide a more residential, private living experience compared to traditional apartment layouts. The unit mix includes (30) one-bedroom, one-bathroom units of approximately 600 square feet each, and (65) two-bedroom, one-bathroom units, offering flexibility and broad appeal to future tenants.
With 100% vacancy, the property is primed for a full-scale renovation and repositioning to meet modern renter expectations. The asset presents a clean slate for an experienced operator to implement interior and exterior upgrades, optimize layouts, and capitalize on a growing demand for quality workforce housing in the Gadsden area.
Strategically located with convenient access to local employers, schools, retail corridors, and major thoroughfares, 101 Hillside Circle is well-positioned to attract long-term tenants and generate strong stabilized cash flow upon completion of improvements.
This is an ideal investment for developers or value-add investors seeking to transform a well-located, structurally sound property into a high-performing multifamily asset in a rebounding submarket.
With strong rental fundamentals and a flexible unit mix, this property is a blank canvas for repositioning and long-term cash flow.
If you’re actively seeking deep value-add opportunities in stable secondary markets, this is one you’ll want to review.
Please sign CA to view Deal Room: https://www.marcusmillichap.com/properties/185743/hillside-circle-apartments
Property Facts
| Sale Type | Investment | Lot Size | 15.07 AC |
| No. Units | 95 | Construction Status | Abandoned |
| Property Type | Multifamily | Building Size | 76,000 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built | 1946 |
| Zoning | C | ||
| Sale Type | Investment |
| No. Units | 95 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 15.07 AC |
| Construction Status | Abandoned |
| Building Size | 76,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1946 |
| Zoning | C |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 31 | - | 600 |
| 2+1 | 65 | - | 880 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 15-06-14-1-000-021.000 | Improvements Assessment | $0 |
| Land Assessment | $360 | Total Assessment | $360 |
Property Taxes
Parcel Number
15-06-14-1-000-021.000
Land Assessment
$360
Improvements Assessment
$0
Total Assessment
$360
Contacts
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Josh Jacobs -
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