THE OPPORTUNITY

A garden-style asset in Huntsville, Alabama

Berkadia is pleased to announce the opportunity to acquire Tara Garden Apartments,

a 155-unit community in Huntsville, Alabama.

Fantastic location at epicenter of Huntsville's largest employment centers

(the most convenient location in Huntsville)

 

All brick exteriors and land available for additional amenities or 10 units

29% of unit interiors have been fully renovated (+43% partially renovated)

proving the rent increase potential

 

Outstanding "value-add" opportunity through continued renovation

(very easy lift value add)

 

Located in an "Opportunity Zone" - but affluent location

Competitor commanding $850 to $1,150/month premiums for corporate units

PARTIALLY RENOVATED KITCHEN

FULLY RENOVATED KITCHEN

TARA GARDEN

UNIT INTERIORS

TARA GARDEN

AROUND THE PROPERTY

Central Location in Alabama's Most Dynamic City Close to Major Employment, Universities and Retail

CONTACT

Experts Here For You

Investment Advisors

DAVID WILSON

Senior Director

david.wilson@berkadia.com

256.682.9143

CALEB FRIZZELL

Associate Director

caleb.frizzell@berkadia.com

205.403.5544

ALABAMA OFFICE

2120 16th Avenue South | Third Floor

Birmingham, AL 35205

Phone: 205.918.0786

Berkadia.com

Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.

©2018 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. For state licensing details for the above entities, visit: www.berkadia.com/legal/licensing.aspx