235 James I Harrison Jr Pky | Tuscaloosa, AL 35405
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235 James I Harrison Jr Pky
Tuscaloosa, AL 35405
Riverbend Residences · Multifamily Property For Sale
·
353 Units
INVESTMENT HIGHLIGHTS
- Situated within minutes of The University of Alabama as well as centrally located to all the area’s major demand drivers
- The Oakley has benefitted from a notable CapEx campaign in recent years and has experienced over $1mm in capital injection since 2021
- Projected double digit stabilized cap rate combined with a compelling going-in per unit basis
PROPERTY FACTS
| No. Units | 353 | Building Size | 319,488 SF |
| Property Type | Multifamily | Average Occupancy | 39% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1966 |
| Building Class | B | Parking Ratio | 1.52/1,000 SF |
| Lot Size | 16.69 AC | ||
| Zoning | RMF-1 | ||
| No. Units | 353 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 16.69 AC |
| Building Size | 319,488 SF |
| Average Occupancy | 39% |
| No. Stories | 2 |
| Year Built | 1966 |
| Parking Ratio | 1.52/1,000 SF |
| Zoning | RMF-1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Heating
- Kitchen
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Handrails
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Playground
- Property Manager on Site
- Tennis Court
- Gameroom
- Media Center/Movie Theatre
- Renters Insurance Program
- Maintenance on site
- Online Services
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 108 | - | 618 - 780 |
| 2+1 | 54 | - | 800 - 880 |
| 2+1.5 | 54 | - | 945 |
| 3+1 | 102 | - | 945 |
| 3+2 | 13 | - | 1,060 |
| 4+2 | 22 | - | 1,900 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,444,860 | |
| Land Assessment | $189,980 | Total Assessment | $2,634,840 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$189,980
Improvements Assessment
$2,444,860
Total Assessment
$2,634,840
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