Value-Add Through Interior Renovations: The average rent at Mountain Woods is $225+ less than nearby renovated properties. New ownership could potentially add value to the property through an interior renovation including new countertops, cabinets, appliances, flooring, light fixtures, and paint.
Well Maintained Asset: Current ownership has spent over $620,000 maintaining the exterior and curb appeal of the asset.
Great Unit Mix: Mountain Woods offers investors a great unit mix with over 78% 2 bed units or 3 bed units. The 2 bed floor plans are 950 square feet. The 3 bed floor plans are 1,500 square feet.
Generationally Owned Asset: Current Ownership has owned the deal for 30+ years. New ownership will have the opportunity to acquire an asset with high occupancy and a consistent cash flow.
Strong Area Demographics: The Homewood neighborhood has a favorable demographic profile, including:
Access to Birmingham’s Major Employers: Tenants will have quick access to 25+ companies that employ over 1,000 people, including:
THIS CONFIDENTIALITY AND BROKERAGE AGREEMENT ("Agreement") is made and agreed to by you ("Prospective Buyer") for the benefit of THE KIRKLAND COMPANY ("Broker"), with respect to certain real property ("Mountain Woods") located in Birmingham, Alabama.
BACKGROUND:
1 The Offering Memorandum has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the Property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective buyer may need or desire. All projections have been developed by Broker and designated sources and are based upon assumptions relating to the general economy, competition, and other factors beyond the control of the Owner and therefore are subject to variation.
NOW THEREFORE, the parties agree, in consideration of the covenants and agreements contained herein, as follows:
By submitting this form, you have acknowledged, read, and agreed to this above Confidentiality and Brokerage Agreement.
THIS CONFIDENTIALITY AND BROKERAGE AGREEMENT ("Agreement") is made and agreed to by and between THE KIRKLAND COMPANY ("Broker"), and "Prospective Buyer" with respect to the sale of certain real property located in Birmingham, Alabama and known as Mountain Woods (“Property”).
NOW THEREFORE, the parties agree, in consideration of the covenants and agreements contained herein, as follows: