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Multifamily

Park at Forestdale

1113 Pebble Creek Pkwy, Birmingham, AL 35214

Listing Price: Request For Offer

Number of Units
486
Gross SF
450,000

Investment Overview

The Park at Forestdale, 486 units located in Birmingham, Alabama. The Park at Forestdale, which is located within a 10-minute commute of the Birmingham Central Business District, will be offered as an assumption of the existing Fannie Mae loan, which boasts an amortizing 3.3% fixed rate with eight years of remaining term. This historically low interest rate will allow future ownership to benefit from continued near-term stabilization of the property and a strategic value-add interior upgrade program which will lead to above market yields by the end of year one.

Investment Highlights

  • 486 Unit Asset with Historically Low 3.3% Assumable Loan
  • Maintained original long-term ownership until recent years and has been well preserved, giving the next investor the opportunity to focus on injecting strategic capital
  • Uniquely situated within close proximity of the state's largest and most dynamic demand drivers, including Alabama's largest employer, UAB

Exclusively Listed By

Multifamily

Park at Forestdale

Listing Price: Request For Offer

Number of Units
486
Gross SF
450,000

Investment Highlights

  • 486 Unit Asset with Historically Low 3.3% Assumable Loan
  • Maintained original long-term ownership until recent years and has been well preserved, giving the next investor the opportunity to focus on injecting strategic capital
  • Uniquely situated within close proximity of the state's largest and most dynamic demand drivers, including Alabama's largest employer, UAB

Investment Overview

The Park at Forestdale, 486 units located in Birmingham, Alabama. The Park at Forestdale, which is located within a 10-minute commute of the Birmingham Central Business District, will be offered as an assumption of the existing Fannie Mae loan, which boasts an amortizing 3.3% fixed rate with eight years of remaining term. This historically low interest rate will allow future ownership to benefit from continued near-term stabilization of the property and a strategic value-add interior upgrade program which will lead to above market yields by the end of year one.

Exclusively Listed By

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