400 Arkadelphia Rd - Apartments FOR SALE
Hanceville, AL 35077 |
205-830-4800
400 Arkadelphia Rd
Hanceville, AL 35077
HIGHLIGHTS
- The Mulberry Place Apartments are on a 4.35-acre site improved by 12 buildings and 41 units, ranging from one to two-unit mixes.
- Hanceville, Alabama, is approximately 40 miles north of Birmingham, with 46,332 residents in the surrounding 10 miles of the property.
- A stabilized, hands-off investment opportunity as the property is 95% occupied; the apartments generated ~$250k in NOI over the last 12 months.
- Less than 5 miles from Wallace State Community College, serving student and faculty housing demand.
- 88% of the housing units in the 10-mile radius are one and two-unit, aligning with the area’s population.
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
Mulberry Place Apartments | 95% Occupancy
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1970
PARKING SPACES
84
LAND DETAILS
LAND ACRES
4.35 AC
LAND SF
189,486 SF
ZONING
None
APN/PARCEL ID
23-04-20-0-004-021.000
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205-830-4800
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205-830-4800
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