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Multifamily

The Park at Sunderland

660 Valley Crest Dr, Birmingham, AL 35215

Listing Price: Request For Offer

Number of Units
267
Gross SF
670,824

Investment Overview

Marcus & Millichap is pleased to present the exclusive opportunity to acquire The Park at Sunderland, a 267-unit multifamily community built in 1986 (renovated between 2016-2021) and located in Birmingham, Alabama. Situated just minutes from the Downtown Central Business District along Birmingham’s largest industrial job corridor, The Park at Sunderland offers future ownership not only a stabilized asset with a proven value-add program already underway and achieving in excess of $100/month rental premiums, but also unmatched proximity to 5,000+ jobs (Autocar, Kamtek, Royal Cup Coffee) which are located less than five minutes from the property. The Park at Sunderland is being offered as an assumption of the existing agency loan. Please reach out to the Marcus & Millichap Gulf Coast office for details and additional information.

Investment Highlights

  • Park at Sunderland is a 1986 built property offering attractive scale at 267 units.
  • In addition to various landscaping improvements, ownership has recently added a brand new gate, dog park and grilling area.
  • 44 units are currently receiving $100 rent bumps due to interior upgrades - this offers new ownership significant value add upside across the remaining 223 units.

Exclusively Listed By

Listing Price: Request For Offer

Number of Units
267
Gross SF
670,824

Investment Highlights

  • Park at Sunderland is a 1986 built property offering attractive scale at 267 units.
  • In addition to various landscaping improvements, ownership has recently added a brand new gate, dog park and grilling area.
  • 44 units are currently receiving $100 rent bumps due to interior upgrades - this offers new ownership significant value add upside across the remaining 223 units.

Investment Overview

Marcus & Millichap is pleased to present the exclusive opportunity to acquire The Park at Sunderland, a 267-unit multifamily community built in 1986 (renovated between 2016-2021) and located in Birmingham, Alabama. Situated just minutes from the Downtown Central Business District along Birmingham’s largest industrial job corridor, The Park at Sunderland offers future ownership not only a stabilized asset with a proven value-add program already underway and achieving in excess of $100/month rental premiums, but also unmatched proximity to 5,000+ jobs (Autocar, Kamtek, Royal Cup Coffee) which are located less than five minutes from the property. The Park at Sunderland is being offered as an assumption of the existing agency loan. Please reach out to the Marcus & Millichap Gulf Coast office for details and additional information.

Exclusively Listed By

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