A local investor group has purchased The Oaks Apartments, a 54 unit apartment community in Sylacauga, AL. Micah Dodd with Harbert Multifamily Advisors represented the Seller in the transaction.
Built in 1959, The Oaks has undergone significant renovations in recent years, including interior, exterior, and common area upgrades. Dodd stated, “The Oaks represents a stellar opportunity for future growth at an attractive basis. The property is poised to realize the benefits of a healthy Sylacauga economy, top of the market renovations, and new retail developments in the area. This transaction illustrates the continued investor appetite for stabilized workforce housing assets throughout the Southeast.”