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About
About Hoover Village
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 160-unit Hoover Village apartment community located in Hoover, AL, Jefferson County. This asset is situated in the highly sought after Hoover metro boasting A+ schools (Hoover is ranked 5th best school district in AL), 31% effective rent growth since 2019, $571K+ average home values, and $116K+ average HHI. The property is strategically located west of US Hwy 31 (2 minutes), south of I-459 (3 minutes), and east of I-65 (4 minutes), providing excellent visibility and access to Birmingham’s major economic drivers. Built in 1975/1976, Hoover Village offers an outstanding opportunity to invest in a proven value-add asset ($217K NOI boost) in a submarket with limited new multifamily supply. The property arrives to market 52% occupied, leaving the next investor runway to stabilize the asset via fresh management and capital, significantly increasing value in the near term.
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