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Multifamily

Copper Creek

3504 12th Ave E, Tuscaloosa, AL 35405

Listing Price: Request For Offer

Number of Units
156
Gross SF
157,028

Investment Overview

Copper Creek has experienced significant transformation over the past three years from both current and prior ownership from an asset preservation standpoint – all new roofs, exterior paint, a complete and total landscaping overhaul, and select unit renovations (some of which include granite counters, new windows, etc.), have resulted in market rents rising on average of $150/month. Based on April’s last ten signed leases, current premiums over and above existing classic rates are up to $200 higher with an average increase in excess of $150/month. Future ownership will see these premiums – and more – continue to be realized across the nearly 100 remaining classic units which can ultimately increase annual GPR by $175,000+

Investment Highlights

  • All new roofs, exterior paint, a complete and total landscaping overhaul, and select unit renovations (some of which include granite counters, new windows, etc).
  • Current premiums over and above existing classic rates are up to $200 higher with an average increase in excess of $150/month.
  • Future ownership will see these premiums – and more – continue to be realized across the nearly 100 remaining classic units which can ultimately increase annual GPR by $175,000+

Exclusively Listed By

Multifamily

Copper Creek

Listing Price: Request For Offer

Number of Units
156
Gross SF
157,028

Investment Highlights

  • All new roofs, exterior paint, a complete and total landscaping overhaul, and select unit renovations (some of which include granite counters, new windows, etc).
  • Current premiums over and above existing classic rates are up to $200 higher with an average increase in excess of $150/month.
  • Future ownership will see these premiums – and more – continue to be realized across the nearly 100 remaining classic units which can ultimately increase annual GPR by $175,000+

Investment Overview

Copper Creek has experienced significant transformation over the past three years from both current and prior ownership from an asset preservation standpoint – all new roofs, exterior paint, a complete and total landscaping overhaul, and select unit renovations (some of which include granite counters, new windows, etc.), have resulted in market rents rising on average of $150/month. Based on April’s last ten signed leases, current premiums over and above existing classic rates are up to $200 higher with an average increase in excess of $150/month. Future ownership will see these premiums – and more – continue to be realized across the nearly 100 remaining classic units which can ultimately increase annual GPR by $175,000+

Exclusively Listed By

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