Mountainside Apartments: Value-Add
For Sale
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19 Mountainside Circle, Jasper, AL 35504
56-unit apartment community in Jasper, AL with revenue upside.
Property Size60,396 SF
Days on Market251
Property Features for 19 Mountainside Circle
General Information
Standard status
Active
Size
60,396 SF
Property subtype
Multifamily
Listing Agency:
(256) 653-0065
Listed By:
Andrew Agee
(256) 653-0065
Source:
Svn
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Jul 30 at 4:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Andrew Agee
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
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Business Placement
Demographics for 35504, AL
13,715
Population
5,904
Households
2.3
Avg Household Size
43
Median Age
24%
College-Educated
87%
High-School Grad
97.6 sq mi
ZIP Area
141
Density / Sq Mi
$71,521
Median Household Income
$48,179
Median Earnings
$809
Median Rent
$196,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
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.
