The Park on 23rd

About The Park on 23rd

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Park on 23rd, 98 units located in Pell City, Alabama, part of the Birmingham MSA which is ranked among the nation’s lowest in unemployment and added 60K+ jobs since April 2020. and the subject property submarket has seen 29% rent growth since 2020. The asset is situated 0.5 miles off of I-20 and only a mile from downtown Pell City, a rapidly growing submarket in the Birmingham MSA with an impressive 5% average YoY rent growth over the last 3 years. This asset’s location puts it 15 minutes from the Honda vehicle assembly plant in Lincoln, AL (4,500+ jobs). Built in 1992, The Park on 23rd represents an outstanding opportunity to capitalize on operational upside at a strong going-in basis.