Multifamily
Oasis at Homewood
825 Oak Leaf Cir, Birmingham, AL 35209
Listing Price: Request For Offer
Investment Overview
The Gulf States office of Marcus & Millichap is pleased to present the exclusive opportunity to acquire Oasis Homewood, a 60-unit boutique multifamily community located in the highly sought-after Homewood submarket of Birmingham, Alabama. Oasis Homewood, currently lender-owned and offered at an attractive per unit basis, arrives to market having undergone robust capital infusion during the past five years with over half of units having already experienced considerable renovations, which will afford the next investor the opportunity to focus on creating further top line growth by completing interior upgrades across remaining classic interiors and creating operational efficiencies through further stabilization.
Oasis at Homewood
Investment Highlights
- Oasis Homewood has received considerable asset preservation improvements in recent years: all new roofs/windows along with overhauls to underground plumbing, HVAC systems, exterior/interior lighting.
- Ranked among the most desirable communities in Alabama, Homewood boasts average household incomes of $147,000/year and median home values of approximately $542,000
- Homewood has extremely high barriers to entry for multifamily development, which has led to historically high demand, low turnover, & continued appreciation for multi rental units across the submarket
Exclusively Listed By
Investment Highlights
- Oasis Homewood has received considerable asset preservation improvements in recent years: all new roofs/windows along with overhauls to underground plumbing, HVAC systems, exterior/interior lighting.
- Ranked among the most desirable communities in Alabama, Homewood boasts average household incomes of $147,000/year and median home values of approximately $542,000
- Homewood has extremely high barriers to entry for multifamily development, which has led to historically high demand, low turnover, & continued appreciation for multi rental units across the submarket
Investment Overview
The Gulf States office of Marcus & Millichap is pleased to present the exclusive opportunity to acquire Oasis Homewood, a 60-unit boutique multifamily community located in the highly sought-after Homewood submarket of Birmingham, Alabama. Oasis Homewood, currently lender-owned and offered at an attractive per unit basis, arrives to market having undergone robust capital infusion during the past five years with over half of units having already experienced considerable renovations, which will afford the next investor the opportunity to focus on creating further top line growth by completing interior upgrades across remaining classic interiors and creating operational efficiencies through further stabilization.
Exclusively Listed By
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