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Multifamily

Dixon Heights

1716 Antioch Rd, Andalusia, AL 36421

Listing Price: Request For Offer

Number of Units
76
Gross SF
60,630

Investment Overview

The Gulf States Office of Marcus & Millichap is pleased to present the exclusive opportunity to acquire Dixon Heights Apartments, a 76-unit multifamily community located in Andalusia, Alabama. Dixon Heights will offer future ownership a historically strong cash-flowing asset which has undergone a significant capital infusion in excess of $11,000/unit in recent years. The asset also boasts excellent visibility within the newly-revitalizing Andalusia market and benefits from close proximity to U.S. Hwy 84 which averages 16,000 vehicles per day. Dixon Heights offers highly-desirable floorplans and significant potential exists for the next investor to continue raising existing rental rates towards the most recent leases currently being achieved – a $110/month average organic increase over and above previous classic rates. Dixon Heights has received all new metal roofs, patios, and nearly all units have been updated in recent years and with nearly no conventional rental competition in the area, Dixon Heights maintains historically strong demand as among the most desirable market rate assets in Andalusia. Please contact the Gulf States office of Marcus and Millichap for additional information regarding this offering as well as additional opportunities across our pipeline.

Investment Highlights

  • Dixon Heights will offer future ownership a historically strong cash-flowing asset which has undergone a significant capital infusion in excess of $11,000/unit in recent years.
  • The asset also boasts excellent visibility within the newly-revitalizing Andalusia market and benefits from close proximity to U.S. Hwy 84 which averages 16,000 vehicles per day.
  • Dixon Heights has received all new metal roofs, patios, and nearly all units have been updated in recent years with nearly no conventional rental competition in the area.

Exclusively Listed By

Multifamily

Dixon Heights

Listing Price: Request For Offer

Number of Units
76
Gross SF
60,630

Investment Highlights

  • Dixon Heights will offer future ownership a historically strong cash-flowing asset which has undergone a significant capital infusion in excess of $11,000/unit in recent years.
  • The asset also boasts excellent visibility within the newly-revitalizing Andalusia market and benefits from close proximity to U.S. Hwy 84 which averages 16,000 vehicles per day.
  • Dixon Heights has received all new metal roofs, patios, and nearly all units have been updated in recent years with nearly no conventional rental competition in the area.

Investment Overview

The Gulf States Office of Marcus & Millichap is pleased to present the exclusive opportunity to acquire Dixon Heights Apartments, a 76-unit multifamily community located in Andalusia, Alabama. Dixon Heights will offer future ownership a historically strong cash-flowing asset which has undergone a significant capital infusion in excess of $11,000/unit in recent years. The asset also boasts excellent visibility within the newly-revitalizing Andalusia market and benefits from close proximity to U.S. Hwy 84 which averages 16,000 vehicles per day. Dixon Heights offers highly-desirable floorplans and significant potential exists for the next investor to continue raising existing rental rates towards the most recent leases currently being achieved – a $110/month average organic increase over and above previous classic rates. Dixon Heights has received all new metal roofs, patios, and nearly all units have been updated in recent years and with nearly no conventional rental competition in the area, Dixon Heights maintains historically strong demand as among the most desirable market rate assets in Andalusia. Please contact the Gulf States office of Marcus and Millichap for additional information regarding this offering as well as additional opportunities across our pipeline.

Exclusively Listed By

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