40-Unit Multifamily Apartment
For Sale
Contact for pricing
50 School Highlands Rd, Greenville, AL 36037
Forty units in a 1998-built multifamily property, with LIHTC restrictions scheduled to end in 2027.
Property Size41,200 SF
Days on Market161
Property Features for 50 School Highlands Rd
General Information
Standard status
Active
Size
41,200 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
40
Building Details
Building Size
41,200 SF
Year Built
1998
Listed By:
Andrew Agee
(256) 653-0065
Source:
Svn
Added: May 14
Changed: Oct 6
Last Checked: Oct 20 at 7:21PM
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
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Investment Insights
Based on property information with market context.
Heatherton Apartments is a 40-unit multifamily community built in 1998. The property contains approximately 41,200 rentable square feet and includes a unit mix of 2- and 3-bedroom apartments. The offering highlights an LIHTC structure, with restrictions set to burn off in 2027, creating a defined timeline for transitioning the property’s rent structure after the extended-use period.
The asset is located at 50 School Highlands Rd in Greenville, Alabama. The remarks also note that interior and site-level renovations can take place concurrently, aimed at refreshing the property.
The asset is located at 50 School Highlands Rd in Greenville, Alabama. The remarks also note that interior and site-level renovations can take place concurrently, aimed at refreshing the property.
Key Highlights
- 40‑unit multifamily property built in 1998
- 41,200 rentable SF multifamily community at 50 School Highlands Rd, Greenville, AL
- LIHTC property with restrictions set to end in 2027 (burn‑off approaching)
Property Analytics
Lease Details
40
Residential units
Location Intelligence
Trade Area within ½ mile
58
Businesses Nearby
Explore this area
Business Placement
Demographics for 36037, AL
12,851
Population
6,613
Households
1.9
Avg Household Size
42
Median Age
15%
College-Educated
88%
High-School Grad
374.9 sq mi
ZIP Area
34
Density / Sq Mi
$48,571
Median Household Income
$33,979
Median Earnings
$729
Median Rent
$101,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Forty units in a 1998-built multifamily property, with LIHTC restrictions scheduled to end in 2027.
Where is this apartment building located?
The property is located at 50 School Highlands Rd Greenville, AL.
What are key features of this property?
This property features: 40‑unit multifamily property built in 1998; 41,200 rentable SF multifamily community at 50 School Highlands Rd, Greenville, AL; LIHTC property with restrictions set to end in 2027 (burn‑off approaching)
