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t r a n s l a t e

95-Unit Multifamily Redevelopment Opportunity | Gadsden, AL

101 Hillside Circle
Gadsden, AL 35903
PRICE : $950,000
PROPERTY TYPE: Multifamily
SITE SIZE: 15.07 Acres
UNITS: 95
YEAR BUILT: 1946

Highlights

  • 95-unit, value-add/rehab apartment complex
  • (30) 1 BR/1 BA and (65) 2 BR/1 BA
  • Townhome style floor plans
  • 33 individual brick buildings
  • 76,000 SF and situated on ±15 acres
  • Unoccupied and ideal opportunity for redevelopment
  • Strong rental demand in the area
  • Located in Gadsden, AL, which is located just a long the Coosa River
  • Bull Realty Alabama License #000083871-0

Description

Bull Realty is pleased to present Garden Villa Apartments, a redevelopment opportunity of 95 units in Gadsden, AL. The property features a unit mix of (30) 1 bedroom/1 bathroom and (65) 2-bedroom/1 bathroom townhouse style floor plans. These units are spacious with 600 SF, 1 bedroom units and 880 SF, 2-bedroom units.

This property is currently 100% vacant and in need of full renovation of the interiors and exteriors. There are 33 individual buildings which will give tenants privacy and a real sense of community. The property sits on ±15 acres which provide for significant amounts of green space and has a park-like setting.

Conveniently located less than 5 minutes from Jordan Lake, which flows into the Coosa River, one of Alabama's most developed rivers. Surrounding retailers include Petco, Walmart, Walgreens, Belk, Hobby Lobby and more. Located less than 2 miles south of Gadsden Regional Medical Center.

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