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Multifamily

The Benton

3409 Primm Ln, Hoover, AL 35216

Listing Price: Request For Offer

Number of Units
116
Gross SF
200,000

Investment Overview

The Benton is located convenient to both the I-459 and I-65 Interchange providing near immediate access to all of Birmingham’s largest employers, retail amenities, and demand drivers. Hoover boasts several key demand drivers that contribute to its vibrant community and economic vitality. One of the primary attractions to Hoover is its renowned school system, which consistently ranks among the top in the state. Families are drawn to the area by the quality of education offered, with schools known for their academic excellence, extracurricular activities, and supportive learning environments. This reputation for educational excellence serves as a significant driver for in-migration, as families seek out communities where their children can thrive academically.

Investment Highlights

  • 116 multifamily units located in Birmingham, Alabama's most populous and dynamic submarket, Hoover.
  • Attractive agency loan assumption which features nearly 5 years of remaining term and a fixed rate of 3.11% with full term "Interest-Only
  • With brand-new roofs and gutters, the property boasts proven value-add potential alongside a remarkable historical T12 average occupancy exceeding 97%.

Exclusively Listed By

Multifamily

The Benton

Listing Price: Request For Offer

Number of Units
116
Gross SF
200,000

Investment Highlights

  • 116 multifamily units located in Birmingham, Alabama's most populous and dynamic submarket, Hoover.
  • Attractive agency loan assumption which features nearly 5 years of remaining term and a fixed rate of 3.11% with full term "Interest-Only
  • With brand-new roofs and gutters, the property boasts proven value-add potential alongside a remarkable historical T12 average occupancy exceeding 97%.

Investment Overview

The Benton is located convenient to both the I-459 and I-65 Interchange providing near immediate access to all of Birmingham’s largest employers, retail amenities, and demand drivers. Hoover boasts several key demand drivers that contribute to its vibrant community and economic vitality. One of the primary attractions to Hoover is its renowned school system, which consistently ranks among the top in the state. Families are drawn to the area by the quality of education offered, with schools known for their academic excellence, extracurricular activities, and supportive learning environments. This reputation for educational excellence serves as a significant driver for in-migration, as families seek out communities where their children can thrive academically.

Exclusively Listed By

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