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    19 Mountainside Cir Jasper, AL 35504

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    For Sale
    Contact for pricing

    56-unit apartment community in Jasper, AL with revenue upside.

    Property size:
    60,396 SF

    Property Features for 19 Mountainside Cir

    General Information

    Size
    60,396 SF

    Source: Andrew Agee Agent Andrew Agee

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mountainside Apartments: Value-Add Opportunity

    Mountainside Apartments, a 56-unit community constructed in 2005, is located in Jasper, AL. The property, totaling 60,396 rentable square feet, presents a value-add investment opportunity. Built with partial brick exteriors, the property was previously operated under the LIHTC program and is now Qualified Contract (QC) eligible, positioning it for a transition to market-rate rents. The location in Jasper provides access to the Birmingham-Hoover metro area. Jasper combines outdoor recreation with affordable living and has a strong manufacturing base. The city is also the county seat of Walker County and benefits from infrastructure, healthcare, and education resources. The property has an assumable HOME Loan. The property is located in a growing submarket of the Birmingham MSA. There is projected Year 1 revenue growth. There is upside in the immediate future by achieving max rents.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jasper
    County
    Walker
    State
    Alabama
    Longitude
    -87.270043
    Latitude
    33.85398

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    FAQs

    What type of property is this?
    Apartment building - 56-unit apartment community in Jasper, AL with revenue upside.
    Where is this apartment building located?
    The property is located at 19 Mountainside Cir Jasper, AL.
    What are key features of this property?
    This property features: - Qualified Contract (QC) eligibility allows near-term transition to market-rate rents, offering significant revenue upside.; - Assumable HOME Loan provides attractive financing options.; - Projected Year 1 revenue growth of nearly 17% over T-12 performance.
    (256) 653-0065
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    19 Mountainside Cir Jasper, AL 35504
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    19 Mountainside Cir Jasper, AL 35504
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