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Multifamily

Vines at Williamsburg

1000 Newton St, Gadsden, AL 35901

Listing Price: Request For Offer

Number of Units
60
Gross SF
66,000

Investment Overview

The Gulf States office of Marcus & Millichap is pleased to present the exclusive opportunity to acquire Vines at Williamsburg, a 60-unit multifamily apartment community nestled less than one hour northeast of Birmingham in Gadsden, AL. The property benefits from strong historical occupancy and consistent rent growth due to recent property rehabilitation. 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 injected over $300,000 in capital into the property resulting in consistent, attractive rent growth.
  • Current ownership has begun a moderate value-add campaign and has completed +/-50% of the total units with rental premiums nearing $70/unit.
  • Vines at Williamsburg represents a stabilized, cash-flowing asset with significant value-add upside and minimal deferred maintenance.

Exclusively Listed By

Multifamily

Vines at Williamsburg

Listing Price: Request For Offer

Number of Units
60
Gross SF
66,000

Investment Highlights

  • Current ownership has injected over $300,000 in capital into the property resulting in consistent, attractive rent growth.
  • Current ownership has begun a moderate value-add campaign and has completed +/-50% of the total units with rental premiums nearing $70/unit.
  • Vines at Williamsburg represents a stabilized, cash-flowing asset with significant value-add upside and minimal deferred maintenance.

Investment Overview

The Gulf States office of Marcus & Millichap is pleased to present the exclusive opportunity to acquire Vines at Williamsburg, a 60-unit multifamily apartment community nestled less than one hour northeast of Birmingham in Gadsden, AL. The property benefits from strong historical occupancy and consistent rent growth due to recent property rehabilitation. 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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