The Gulf States office of Marcus and Millichap will be calling for offers Thursday, September 4th on The Tuscaloosa 296, a 296 unit multifamily pairing located in Tuscaloosa, Alabama. The Tuscaloosa 296 consists of Woodlawn Manor (140 units) and Copper Creek (156 units) and arrives to market freshly-stabilized and offering immediate cash flow along with the ability to create further top line value via both operational and physical upgrades.  Situated within minutes of The University of Alabama as well as centrally located to all the area’s major demand drivers, the Tuscaloosa 296 is being offered at a compelling cap rate on in-place financial trends and will afford future ownership the opportunity to acquire critical mass in a market with a historically tight conventional multifamily supply and limited multifamily pipeline.  The Tuscaloosa 296 portfolio has benefitted from a notable CapEx campaign in recent years and has received all new roofs, several exterior enhancements, and select unit interior renovations over the past four years which has historically resulted in rental premiums of up to $175/ month. Even with these rental rates, these assets remain an average of $150/month below the submarket comp set, giving future ownership the ability to not only step into day one yields but also implement these rental premiums and more across the properties.  The University of Alabama is a pivotal economic driver for Tuscaloosa, contributing significantly to job creation, population growth, and local commerce. In 2024, the university enrolled more than 40,000 students, a material increase from the previous year which includes a record number of in-state freshmen, with 8,140 faculty and staff, making it one of the largest employers in the region. Its economic impact exceeds $2.5 billion annually, driven by student spending, research grants, and employment in education, healthcare, and services. The university’s growth fuels demand for housing, retail, and hospitality, while its research programs, particularly in engineering and technology, align with the region’s industrial base, fostering innovation and workforce development.  Tuscaloosa, Alabama, has experienced steady macroeconomic growth over recent decades, driven by key economic anchors like the Mercedes-Benz U.S. International (MBUSI) plant and the University of Alabama. The MBUSI plant, operational since 1997, remains a cornerstone of the local economy, employing over 6,000 workers and supporting approximately 60,000 regional jobs through its supply chain. Since the 1990s, Mercedes-Benz has invested over $7 billion in its Tuscaloosa operations, including a new battery factory in Bibb County to support electric vehicle (EV) production, with a new core vehicle model slated for production in 2027. This investment has spurred job creation in automotive manufacturing and related industries, reinforcing Tuscaloosa’s role as a hub for advanced manufacturing.    Tuscaloosa 296 Portfolio - Deal Room  The Tuscaloosa 296 will be offered free and clear of existing debt and both individual and pairing offers will be considered upon receipt.