Multifamily
University Crossings
261 3rd Ave SW, Birmingham, AL 35211
Listing Price: $10,500,000
Investment Overview
University Crossings is strategically located near several of the most dynamic major employers in Birmingham, ensuring a steady demand for quality housing in the immediate area. This central location makes the asset highly attractive for residents and investors alike, as it provides convenient access to key job centers and amenities in downtown Birmingham. The University of Alabama at Birmingham (UAB), with approximately 23,000 employees, is within two miles of the asset and Regions Financial Corporation, employing more than 7,600 people, also has its headquarters within two miles of the property. Additionally, St. Vincent’s Health System, with approximately 4,644 employees, and Children’s of Alabama, with nearly 4,500 employees, are both within 1.5 miles of University Crossings, providing convenient proximity to all primary demand drivers in and around the Central Business District.
University Crossings
Investment Highlights
- Situated within one mile of the Birmingham CBD, University Crossings arrives boasting considerable operational upside and having experienced a $35,000/unit+ reposition over the past 5 years.
- Cap Ex included comprehensive window, sliding glass door, and roof replacements, full exterior paint and landscaping overhauls, and fully renovating 100% of unit interiors.
- University Crossings remains an average of $150/month below the submarket comp set, giving future ownership the ability to step into immediate gain-to-lease potential.
Exclusively Listed By
Listing Price: $10,500,000
Investment Highlights
- Situated within one mile of the Birmingham CBD, University Crossings arrives boasting considerable operational upside and having experienced a $35,000/unit+ reposition over the past 5 years.
- Cap Ex included comprehensive window, sliding glass door, and roof replacements, full exterior paint and landscaping overhauls, and fully renovating 100% of unit interiors.
- University Crossings remains an average of $150/month below the submarket comp set, giving future ownership the ability to step into immediate gain-to-lease potential.
Investment Overview
University Crossings is strategically located near several of the most dynamic major employers in Birmingham, ensuring a steady demand for quality housing in the immediate area. This central location makes the asset highly attractive for residents and investors alike, as it provides convenient access to key job centers and amenities in downtown Birmingham. The University of Alabama at Birmingham (UAB), with approximately 23,000 employees, is within two miles of the asset and Regions Financial Corporation, employing more than 7,600 people, also has its headquarters within two miles of the property. Additionally, St. Vincent’s Health System, with approximately 4,644 employees, and Children’s of Alabama, with nearly 4,500 employees, are both within 1.5 miles of University Crossings, providing convenient proximity to all primary demand drivers in and around the Central Business District.
Exclusively Listed By
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