Park on 23rd — Sale in Pell City, AL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Pell City, AL 35125

Photos

Park on 23rd — Sale in Pell City, AL, photo 1 of 2
Park on 23rd — Sale in Pell City, AL, photo 2 of 2

Description

The Gulf States office of Marcus & Millichap is pleased to present the exclusive opportunity to acquire The Park on 23rd Apartments, a 98-unit, 1990s-built multifamily community located in Pell City, Alabama. Positioned along the growing I-20 corridor east of Birmingham, the property offers investors day-one cash flow, an attractive unit mix, and convenient access to major regional employment centers. The community features one-, two-, and three-bedroom apartment homes with stainless steel appliances, washer/dryer connections, walk-in closets, and private patios or balconies. Amenities include a swimming pool, playground, bark park, picnic and grilling areas, and on-site management and maintenance. A significant driver of regional housing demand is Honda's Alabama Auto Plant in nearby Lincoln. The 4.9 million-square-foot facility represents more than $3 billion in cumulative investment, employs over 4,500 associates, and supports an extensive statewide supplier network. Pell City continues to benefit from population growth, proximity to Birmingham, and limited new multifamily development. With established operations, desirable amenities, and access to a substantial manufacturing employment base, The Park on 23rd presents an attractive opportunity to acquire a cash-flowing workforce housing asset in a growing submarket east of Birmingham. Investment Highlights: • 98-unit, 1990s-built community offering immediate cash flow, an attractive unit mix, desirable amenities, and convenient access to major employment centers along I-20. • Located near Honda's 4.9 million-square-foot Alabama Auto Plant, employing more than 4,500 associates and supporting a substantial regional supplier and workforce network. • Pell City's expanding population, strong manufacturing employment base, and limited new apartment development support long-term rental demand and investment potential.

Market Context

This multifamily in Pell City, AL is listed for sale. Compare it against other multifamily listings for sale in Pell City, AL — view the full market.

Contact

Explore this market

Similar Multifamily Property for Sale in Alabama