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Multifamily

Summit at Hillcrest

1601 Hillcrest Rd, Mobile, AL 36695

Listing Price: Request For Offer

Number of Units
104
Gross SF
125,291

Investment Overview

Built in 1981, The Summit at Hillcrest arrives to market boasting an attractive agency loan assumption which features a 4.51% amortizing fixed rate with 5+ years of term remaining and a +/- 70% going-in LTV.

Investment Highlights

  • Positioned well for continued value-add upside as approximately 60% of unit interiors have received renovations and are achieving $75/month rental premiums.
  • Renovations across remaining classic and partially rehabbed units would be well-received by the market and would add considerable top-line growth in the coming season.
  • Mobile's economic landscape is the Port of Mobile. As one of the largest deep-water ports in the southeastern United States, the Port of Mobile serves as a vital gateway for international trade.

Exclusively Listed By

Multifamily

Summit at Hillcrest

Listing Price: Request For Offer

Number of Units
104
Gross SF
125,291

Investment Highlights

  • Positioned well for continued value-add upside as approximately 60% of unit interiors have received renovations and are achieving $75/month rental premiums.
  • Renovations across remaining classic and partially rehabbed units would be well-received by the market and would add considerable top-line growth in the coming season.
  • Mobile's economic landscape is the Port of Mobile. As one of the largest deep-water ports in the southeastern United States, the Port of Mobile serves as a vital gateway for international trade.

Investment Overview

Built in 1981, The Summit at Hillcrest arrives to market boasting an attractive agency loan assumption which features a 4.51% amortizing fixed rate with 5+ years of term remaining and a +/- 70% going-in LTV.

Exclusively Listed By

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