Hawthorne at Wisteria

About Hawthorne at Wisteria

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Hawthorne at Wisteria apartment community located in Hoover, Alabama. Positioned within the highly desirable Hoover submarket—characterized by more than a decade of substantial barriers to entry for new multifamily development, the property benefits from sustained demand driven by limited competitive supply. Built in 1978 and brought to market at 99% occupancy, Hawthorne at Wisteria offers an exceptional opportunity to acquire a well-performing asset with appealing, assumable Fannie Mae financing. The property is strategically located next to major roadways like I-65, I-459, US-31, and Hwy 30. Previous owners have also put more than $4 million into the property since 2021. The next owner can further enhance performance by completing the proven value-add program on the remaining 29 units, which is projected to generate an additional $77,000+ in NOI and deliver a 22% return on investment. Overall, Hawthorne at Wisteria presents a compelling investment supported by a strategic location, a supply-constrained submarket, meaningful value-add potential, and attractive assumable debt.