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Investment Highlights

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  • Value-Add Opportunity through Upgrading Interiors & Bringing Additional Units Online: By renovating the property's remaining 126 units, new ownership could potentially add an additional $90,720 to annual NOI; By reconstructing a 20-unit building, new ownership can potentially collect an additional $208,560 in rental income
  • Immediate Expense Reduction Opportunity: New ownership will have the opportunity to add additional value to the property by installing low-flow plumbing fixtures, which could potentially decrease annual expenses by over $100,000
  • Convenient Downtown Access via I-59: The property is located off Gadsden Highway (16,950 VPD) with convenient access to I-59 (46,810 VPD), offering its tenants a 10-mile commute to Downtown Birmingham
  • Competitive Amenities Package: Ascot Place features the following amenities:
    • Playground
    • Swimming Pools w/ Tanning Deck
    • Sand Volleyball Court
    • Renovated Clubhouse w/ Cafe
    • Fitness Center
    • Picnic Area w/ Grills
    • On-Site Laundry Facilities
  • Close Proximity to Quality Retail: The property is less than 4 miles from Pinnacle at Tutwiler Farm, a 445,988 SF lifestyle center anchored by Belk, JC Penney, & Best Buy; Additional nearby retailers include Walmart, Lowe's, Home Depot, Academy Sports & Outdoors, & Target
  • Significant Economic Development: In March 2017, Honda announced its plans to invest $85 million into its $2.2 billion, 3.7 million SF plant in nearby Lincoln; since 2011, Honda has invested more than $750 million and added more than 450 jobs to the area
  • Central to Major Employment: Ascot Place provides convenient access to some of Birmingham's largest employers, including:
    • The University of Alabama - Birmingham (23,000 jobs)
    • Regions Financial Corp (7,134 jobs)
    • Honda Manufacturing of Alabama (4,800 jobs)
    • St. Vincent's Health System (4,786 jobs)
    • Baptist Health System (4,633 jobs)

Ascot Place

Birmingham, AL
304 Units

Confidentiality Agreement

Property Flyers and Confidentiality Agreements can be viewed for general information. To view property financial documents, please complete the Confidentiality Agreement. You will receive instructions via email on how to access the information.