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19 Mountainside Cir Jasper, AL 35504

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For Sale
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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

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.
More about this property
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