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Hillside Circle Apartments 101 Hillside Cir 95 Unité Immeuble d’appartements À vendre Gadsden, AL 35903
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- 100% Vacant – Ready for full renovation
- Unit Mix: (30) 1BR/1BA @ 600 SF & (65) 2BR/1BA 880 SF
- Strong rental demand in a limited supply market
- 95 Units | 33 Brick Buildings | 76,000 SF
- Townhome-Style Layouts – Highly desirable
- Ideal for value-add investors & developers
Résumé de l'annonce
Marcus & Millichap is pleased to present an exceptional redevelopment opportunity at 101 Hillside Circle, Gadsden, Alabama. This fully vacant, 95-unit multifamily asset offers a rare value-add investment with significant upside potential in a supply-constrained market experiencing rising rental demand.
Situated on a spacious site with 33 individual brick buildings totaling approximately 76,000 square feet, the property features townhome-style floor plans that provide a more residential, private living experience compared to traditional apartment layouts. The unit mix includes (30) one-bedroom, one-bathroom units of approximately 600 square feet each, and (65) two-bedroom, one-bathroom units, offering flexibility and broad appeal to future tenants.
With 100% vacancy, the property is primed for a full-scale renovation and repositioning to meet modern renter expectations. The asset presents a clean slate for an experienced operator to implement interior and exterior upgrades, optimize layouts, and capitalize on a growing demand for quality workforce housing in the Gadsden area.
Strategically located with convenient access to local employers, schools, retail corridors, and major thoroughfares, 101 Hillside Circle is well-positioned to attract long-term tenants and generate strong stabilized cash flow upon completion of improvements.
This is an ideal investment for developers or value-add investors seeking to transform a well-located, structurally sound property into a high-performing multifamily asset in a rebounding submarket.
With strong rental fundamentals and a flexible unit mix, this property is a blank canvas for repositioning and long-term cash flow.
If you’re actively seeking deep value-add opportunities in stable secondary markets, this is one you’ll want to review.
Please sign CA to view Deal Room: https://www.marcusmillichap.com/properties/185743/hillside-circle-apartments
Situated on a spacious site with 33 individual brick buildings totaling approximately 76,000 square feet, the property features townhome-style floor plans that provide a more residential, private living experience compared to traditional apartment layouts. The unit mix includes (30) one-bedroom, one-bathroom units of approximately 600 square feet each, and (65) two-bedroom, one-bathroom units, offering flexibility and broad appeal to future tenants.
With 100% vacancy, the property is primed for a full-scale renovation and repositioning to meet modern renter expectations. The asset presents a clean slate for an experienced operator to implement interior and exterior upgrades, optimize layouts, and capitalize on a growing demand for quality workforce housing in the Gadsden area.
Strategically located with convenient access to local employers, schools, retail corridors, and major thoroughfares, 101 Hillside Circle is well-positioned to attract long-term tenants and generate strong stabilized cash flow upon completion of improvements.
This is an ideal investment for developers or value-add investors seeking to transform a well-located, structurally sound property into a high-performing multifamily asset in a rebounding submarket.
With strong rental fundamentals and a flexible unit mix, this property is a blank canvas for repositioning and long-term cash flow.
If you’re actively seeking deep value-add opportunities in stable secondary markets, this is one you’ll want to review.
Please sign CA to view Deal Room: https://www.marcusmillichap.com/properties/185743/hillside-circle-apartments
Faits sur la propriété
| Type de vente | Investissement | Taille du lot | 15,07 AC |
| Nombre d’unités | 95 | État de la construction | Abandonnée |
| Type de propriété | Immeuble residentiel | Taille du bâtiment | 76 000 pi² |
| Sous-type de propriété | Appartement | Occupation moyenne | 100% |
| Style d’appartement | Jardin | Nombre d’étages | 2 |
| Classe d’immeuble | C | Année de construction | 1946 |
| Zonage | C | ||
| Type de vente | Investissement |
| Nombre d’unités | 95 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | Jardin |
| Classe d’immeuble | C |
| Taille du lot | 15,07 AC |
| État de la construction | Abandonnée |
| Taille du bâtiment | 76 000 pi² |
| Occupation moyenne | 100% |
| Nombre d’étages | 2 |
| Année de construction | 1946 |
| Zonage | C |
Commodités
Commodités des unités
- Chauffage
- Cuisine
- Réfrigérateur
- Four
- Bain/Douche
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 1+1 | 31 | - | 600 |
| 2+1 | 65 | - | 880 |
1 1
Assez accessible à pied
40/100
Exceptionnellement adapté aux voitures
90/100
Relativement accessible en vélo
30/100
Impôts fonciers
| Numéro de lot | 15-06-14-1-000-021.000 | Évaluation des bâtiments | 0 $ CAD |
| Évaluation du terrain | 499 $ CAD | Évaluation totale | 499 $ CAD |
Impôts fonciers
Numéro de lot
15-06-14-1-000-021.000
Évaluation du terrain
499 $ CAD
Évaluation des bâtiments
0 $ CAD
Évaluation totale
499 $ CAD
Contacts
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Josh Jacobs -
Scott Spalding -
Marco Welch -
Joe Mitchell -
Royce Emerson -
Lloyd Escue -
Hannah Thompson -
Marcus & Millichap
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Hillside Circle Apartments | 101 Hillside Cir
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