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Trails at Alabaster

Posted: 6/19/2023
200 Units
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Trails at Alabaster
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Trails at Alabaster
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Trails at Alabaster
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Trails at Alabaster
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Trails at Alabaster
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Trails at Alabaster
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Trails at Alabaster
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Trails at Alabaster
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Trails at Alabaster

About

About Trails at Alabaster

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Trails at Alabaster, a 200-unit apartment community located in the Alabaster municipality of Birmingham, AL. The asset is extremely well-positioned along the I-65 corridor in a supply-constrained submarket (less than 650 units delivered to the area since 2000) where rents are growing exponentially due to the lack of inventory. Trails at Alabaster offers an outstanding location for residents as it is minutes from 10,000+ quality jobs, state-ranked schools, and Class A retail space. The property is coming off an $1mm+ exterior renovation making the buyer the beneficiary of a quality physical plant and refreshed property look. Built in 1977/1986, Trails at Alabaster offers an opportunity to invest in a quality asset with excellent performance trends and additional upside remaining for new ownership.