Latitude at Riverchase

About Latitude at Riverchase

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 431-unit Latitude at Riverchase apartment community located in Hoover, Jefferson County, AL. This asset is situated in the highly desirable and strategically located Hoover submarket of the south Birmingham metro. Built in 1978, Latitude at Riverchase offers a compelling value-add opportunity with 196 remaining unrenovated units, providing the potential to increase NOI by more than $410,000 through proven renovation premiums. The investment is further strengthened by assumable Freddie Mac debt at a fixed 4.4% interest rate through 2029, a prime Hoover location with top-ranked schools and high household incomes, and limited multifamily supply. Combined with Birmingham’s strong economic growth and employment gains, the property is well positioned for sustained rental demand and long-term value creation.