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Multifamily

Vines at Hillside West

5817 Monte Sano Rd, Birmingham, AL 35228

Listing Price: Request For Offer

Number of Units
74
Occupancy
97.0%
Gross SF
62,900

Investment Overview

The Gulf States office of Marcus & Millichap is pleased to present the exclusive opportunity to acquire Vines at Hillside West, a 73-unit multifamily apartment community situated in west Birmingham. The property is uniquely positioned within ten minutes from the Amazon Fulfillment Center representing over 2,000 jobs and less than 15 minutes from the Downtown Central Business District and the top economic drivers Birmingham has to offer - UAB, Regions, Shipt, BBVA, Regions Field, and more. The asset has received a capital infusion of over $300,000 with updates on both the interiors and exteriors resulting in attractive rental premiums. The opportunity exists for the next investor to realize significant additional value by way of continuing the in-place value-add campaign across remaining classic units.

Investment Highlights

  • Current ownership has begun a moderate value-add campaign and has completed +/-40% of the total units with rental premiums reaching north of $80 per unit.
  • Historical occupancy in the mid 90% range as Hillside West is well-situated with regard to economic and entertainment drivers within the respective submarket.
  • Hillside West is located just 15 from Birmingham's Central Business District and within 10 minutes from the area's premier employer, the Amazon Fulfillment Center.

Exclusively Listed By

Listing Price: Request For Offer

Number of Units
74
Occupancy
97.0%
Gross SF
62,900

Investment Highlights

  • Current ownership has begun a moderate value-add campaign and has completed +/-40% of the total units with rental premiums reaching north of $80 per unit.
  • Historical occupancy in the mid 90% range as Hillside West is well-situated with regard to economic and entertainment drivers within the respective submarket.
  • Hillside West is located just 15 from Birmingham's Central Business District and within 10 minutes from the area's premier employer, the Amazon Fulfillment Center.

Investment Overview

The Gulf States office of Marcus & Millichap is pleased to present the exclusive opportunity to acquire Vines at Hillside West, a 73-unit multifamily apartment community situated in west Birmingham. The property is uniquely positioned within ten minutes from the Amazon Fulfillment Center representing over 2,000 jobs and less than 15 minutes from the Downtown Central Business District and the top economic drivers Birmingham has to offer - UAB, Regions, Shipt, BBVA, Regions Field, and more. The asset has received a capital infusion of over $300,000 with updates on both the interiors and exteriors resulting in attractive rental premiums. The opportunity exists for the next investor to realize significant additional value by way of continuing the in-place value-add campaign across remaining classic units.

Exclusively Listed By

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