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Multifamily

Woodlawn Manor

3820 1st Ave, Tuscaloosa, AL 35405

Listing Price: Request For Offer

Number of Units
140
Gross SF
150,642

Investment Overview

Over the past twelve months, Woodlawn Manor has seen a nearly $750,000 investment towards both interior and exterior revitalization. Along with a complete wiring remediation and several HVAC/plumbing upgrades, new ownership has overhauled the property grounds with all new landscaping, outdoor amenity enhancements, and all new signage/branding. Significant upside is being realized across the most recent leases in April, where premiums of up to $240/month over existing classic rents are being achieved now with average increases of $180/month. Over 70% of the rent roll remains at classic rates, providing the next investor tremendous value-add upside as $210,000+ in current loss to lease stands to be achieved moving forward.

Investment Highlights

  • $750,000 investment towards both interior and exterior revitalization. Along with a complete wiring remediation and several HVAC/plumbing upgrades
  • Significant upside is being realized across the most recent leases in April, where premiums of up to $240/month over existing classic rents are being achieved now with average increases of $180/month.
  • Over 70% of the rent roll remains at classic rates, providing the next investor tremendous value-add upside as $210,000+ in current loss to lease stands to be achieved moving forward.

Exclusively Listed By

Multifamily

Woodlawn Manor

Listing Price: Request For Offer

Number of Units
140
Gross SF
150,642

Investment Highlights

  • $750,000 investment towards both interior and exterior revitalization. Along with a complete wiring remediation and several HVAC/plumbing upgrades
  • Significant upside is being realized across the most recent leases in April, where premiums of up to $240/month over existing classic rents are being achieved now with average increases of $180/month.
  • Over 70% of the rent roll remains at classic rates, providing the next investor tremendous value-add upside as $210,000+ in current loss to lease stands to be achieved moving forward.

Investment Overview

Over the past twelve months, Woodlawn Manor has seen a nearly $750,000 investment towards both interior and exterior revitalization. Along with a complete wiring remediation and several HVAC/plumbing upgrades, new ownership has overhauled the property grounds with all new landscaping, outdoor amenity enhancements, and all new signage/branding. Significant upside is being realized across the most recent leases in April, where premiums of up to $240/month over existing classic rents are being achieved now with average increases of $180/month. Over 70% of the rent roll remains at classic rates, providing the next investor tremendous value-add upside as $210,000+ in current loss to lease stands to be achieved moving forward.

Exclusively Listed By

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