19 Mountainside Circle Jasper, AL 35504

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Listed by Andrew Agee Show Phone

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Added: Nov 21, 2025 Checked: Jul 16 at 3:27 am

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Investment Insights

Based on property information with market context.

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.

Key Highlights

• 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.

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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 Circle 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.