Skip to main content

Multifamily

The Benton

3409 Primm Ln, Hoover, AL 35216

Listing Price: Request For Offer

Number of Units
116
Gross SF
146,056

Investment Overview

Marcus & Millichap is pleased to present the exclusive opportunity to acquire The Benton Apartments, 116 units located in Hoover - Birmingham, Alabama’s largest and most dynamic submarket. Boasting access to Hoover’s award-winning school system and within close proximity to 10,000+ jobs and the top demand drivers in the area, The Benton represents a unique opportunity for future ownership to inject strategic capital in a stabilized asset with strong historical operations. The Benton is being offered free and clear of existing debt or as an assumption of the existing loan.

Investment Highlights

  • Value-Add "2.0" Opportunity - Although many of the units have experienced interior upgrades, the next investor can generate significant revenue growth with a well-executed value-add 2.0.
  • Top School System in Alabama - The Hoover School System is among the top five in the state with 16 total facilities playing host to nearly 14,000 students.
  • Arrives to Market 97% Occupied With Strong Historical Occupancy - The Benton has remained stable in the mid to high 90% occupancy range for the past 12 months.

Exclusively Listed By

Listing Price: Request For Offer

Number of Units
116
Gross SF
146,056

Investment Highlights

  • Value-Add "2.0" Opportunity - Although many of the units have experienced interior upgrades, the next investor can generate significant revenue growth with a well-executed value-add 2.0.
  • Top School System in Alabama - The Hoover School System is among the top five in the state with 16 total facilities playing host to nearly 14,000 students.
  • Arrives to Market 97% Occupied With Strong Historical Occupancy - The Benton has remained stable in the mid to high 90% occupancy range for the past 12 months.

Investment Overview

Marcus & Millichap is pleased to present the exclusive opportunity to acquire The Benton Apartments, 116 units located in Hoover - Birmingham, Alabama’s largest and most dynamic submarket. Boasting access to Hoover’s award-winning school system and within close proximity to 10,000+ jobs and the top demand drivers in the area, The Benton represents a unique opportunity for future ownership to inject strategic capital in a stabilized asset with strong historical operations. The Benton is being offered free and clear of existing debt or as an assumption of the existing loan.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower