Multifamily
Center Pointe Landings
107 Sterling Ct NW, Center Point, AL 35215
Listing Price: Request For Offer
Investment Overview
The Gulf States office of Marcus and Millichap is pleased to present the exclusive opportunity to acquire The Landings Portfolio, a two property, 264 total unit multifamily portfolio located in Birmingham, Alabama.
Center Pointe Landings
Investment Highlights
- The Landings Portfolio will be offered at a going in basis 30-40% below the immediate sales comps set, allowing the next investor to acquire critical mass at well below market pricing
- In recent years, The Landings Portfolio has received strategic capital infusion focused largely around asset preservation items across both properties
- Future ownership can focus future capital injection around updating remaining "classic" unit interiors – a measure which could yield $75-125/month rental premiums based on the competitive rental set.
Exclusively Listed By
Listing Price: Request For Offer
Investment Highlights
- The Landings Portfolio will be offered at a going in basis 30-40% below the immediate sales comps set, allowing the next investor to acquire critical mass at well below market pricing
- In recent years, The Landings Portfolio has received strategic capital infusion focused largely around asset preservation items across both properties
- Future ownership can focus future capital injection around updating remaining "classic" unit interiors – a measure which could yield $75-125/month rental premiums based on the competitive rental set.
Investment Overview
The Gulf States office of Marcus and Millichap is pleased to present the exclusive opportunity to acquire The Landings Portfolio, a two property, 264 total unit multifamily portfolio located in Birmingham, Alabama.
Exclusively Listed By
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