Reserve on 3rd
304 20th Street South, Birmingham, AL, 35233, US
111 units
Description
JLL, as exclusive advisor, is pleased to present The Park at Callington & Carlyle, a 1,232-unit multi-housing opportunity located in Birmingham, AL (the “Properties”).
The Properties feature studio, one, and two-bedroom floor plans finished with stainless steel, black, or white appliance packages, wood cabinetry, tile backsplashes, and a mix of vinyl plank and carpet flooring.
The Properties present an opportunistic investment in two well-located multifamily assets just south of downtown Birmingham, Alabama, offered at a basis substantially below replacement cost. Upside is driven by unit renovations, operational repositioning, and lease-up to market rents. Birmingham’s diversified regional economy and steady rental demand support the thesis, with residents just minutes from downtown’s shopping, dining, entertainment, and employment base.
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Attributes
Total Units
1,232
The Park at Callington Units
603
The Park at Carlyle Units
629
Year Built
1978/1983
Buildings
52
The Park at Callington & Carlyle (2 Properties)
The Park at Callington & Carlyle (2 Properties)
Media
Investment highlights
- Opportunity to Own Asset at Scale (~63 Acres)
- Significant Discount to Replacement Cost
- Purchase Optionality - Available to Pursue as a Portfolio or Individually
- Proximity to Homewood Submarket
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