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The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Arlington Park - 252 units located in Mobile, Alabama. The subject is situated in the affluent West Mobile submarket, just south of Airport Boulevard, with $100K+ HH incomes and state-ranked schools. The immediate area is home to key economic drivers such as Providence Hospital (1,540 jobs), University of South Alabama (16,440+ students), Mobile Regional Airport, and over 1.5 million square feet of quality retail within a 2-mile radius. Constructed in 2001, Arlington Park offers the investor quality product well below replacement cost with excellent in-place cash flow that is primed for a full-scale value add campaign.
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Under Contract
Arlington Park
252 Units
7070 Grelot Road
Mobile, AL  36695
Type: Conventional
Posted: 10/29/2019
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Ascot Place - 304 units located in Birmingham, AL, which has experienced 30,000+ new jobs and $2B+ in capital investments over the past three years. Ascot Place is conveniently located less than 10 miles from downtown Birmingham and is a short drive to northeast Birmingham's largest employers, Kamtek, Sterilite, and several other transportation and manufacturing operations. The area immediately surrounding Ascot Place has seen significant economic growth over the past few years, most notably the development of Autocar's $120M facility delivered in 2018. Built in 1972/1986, Ascot Place offers an excellent opportunity to invest in a cash flowing asset with a proven-out value add campaign.
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Ascot Place
304 Units
544 Gadsden Highway
Birmingham, AL  35235
Posted: 1/16/2020
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 80-unit Chaney Place apartment community located in the rapidly expanding city of Huntsville, AL. Huntsville’s economy has added over 12K jobs and $5B of capital investments since the start of 2018 and is one of the top-ranked investment markets in the entire U.S. Notably, Huntsville now has the #1 most technical workforce in the country with nearly 17% of the workforce in a STEM related field earning $95k+ average salaries. Chaney Place features a class "A" home-like experience with 100% ground floor entry townhomes, massive 1,350 SF average floor plans and highly desirable amenities. Delivered between 2008-2015, Chaney Place represents the rare opportunity to acquire an attractive, cash flowing asset within the premier Huntsville investment space.
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Under Contract
Chaney Place
80 Units
1060 Chaney Place Dr
Huntsville, AL  35803
Posted: 11/14/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of Emerald Pointe - 192 units located in the desirable Hoover submarket of Birmingham, AL. This asset offers outstanding visibility off Old Rocky Ridge Road, within minutes of 10,000+ jobs and nearly 3M square feet of quality retail amenities. Hoover maintains heavy multifamily restrictions and is attracting a massive influx of new residents as Alabama continues to grow. Emerald Pointe exited the LIHTC program in September 2017 and is poised for powerful collections growth as the remaining affordable units turn to full market rates. Originally constructed in 1974, Emerald Pointe presents the opportunity to acquire an asset with significant organic growth upside in a prime location.
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Emerald Pointe
192 Units
2149 Emerald Pointe Drive
Birmingham, AL  35216
Type: LIHTC
Posted: 8/15/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 52-unit Heron Lakes apartment community located in Mobile, Alabama. This asset is desirably positioned just off Government Blvd and within the Heron Lakes Country Club neighborhood (85k HH incomes, $300-$700k home values), which provides the community with a highly affluent renter pool. Heron Lakes also sits minutes from the area’s top employers (Mobile Aeroplex, Downtown) and 12M+ square feet of quality retail space (Shoppes at Bel Air, McGowin Park, etc). Built in 1972 and renovated in the mid-2000’s, Heron Lakes offers the investor a well-maintained property with strong in-place cash flow and substantial further value add upside.
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Under Contract
Heron Lakes
52 Units
1164 Skywood Drive
Mobile, AL  36693
Posted: 3/12/2019
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Hilltop Village - 146 units situated inside the gates of Birmingham Southern College (BSC) and within an opportunity zone. Hilltop Village boasts superior walkability to all of BSC’s campus facilities and proximity to Downtown Birmingham. The asset represents a highly unique investment opportunity as it involves a long-term ground lease, is 100% tax-exempt and maintains far below-market insurance rates as the property will remain on BSC’s master policy. Heavily capitalized in 2006, Hilltop Village is primed for future ownership to implement a "2.0" renovation program and significantly grow rental income.
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Hilltop Village
146 Units | 232 Beds
1013 Hilltop Parkway
Birmingham, AL  35204
Type: Student
Posted: 9/20/2019
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 278-unit Park West apartment community located in Mobile, AL. This asset is situated in the affluent West Mobile submarket, just south of Airport Boulevard, with convenient access to top employers and major retail destinations. The immediate area is home to key economic drivers such as Providence Hospital (1,540 jobs), University of South Alabama (16,440+ students), Mobile Regional Airport, and over 1.5 million square feet of quality retail within a 3-mile radius. Built in 1977, Park West presents an opportunity to invest in a true value add asset in a flourishing submarket.
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Under Contract
Park West
278 Units
1663 Hillcrest Road
Mobile, AL  36695
Type: Conventional
Posted: 10/31/2019
The Cushman & Wakefield Southeast Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 192-unit River Park apartment community located in McComb, MS. McComb, located along I-55 and centralized amongst key MSAs, is a budding regional retail hub with nearly 2 million square feet and major big box stores. River Park is part of an upcoming major mixeduse project that is taking shape at the I-55/Hwy-98 interchange, which will feature grocery, retail, office, and flex space. Built and delivered in late 2015, the subject property offers a Class A asset below replacement cost with an outstanding collections trend. The next investor will also benefit from long-term HUD debt that will boost cash-on-cash returns.
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River Park
192 Units
1328 Parklane Road
McComb, MS  39648
Type: Conventional
Posted: 2/25/2019