STABLE ASSET WITH HISTORY OF LOW Vacancy
Rose Garden Apartments is a (24) unit complex consisting of (18) 1BR and (6) 2BR units. This complex is a well maintained, stable property Each units has PTAC AC units, all electric utilities, and on site laundry facility. Water is on a master meter and power is metered separately. The property offers a newer roof which was replaced in the past few years.
Value Add Opportunity
This property is a stable asset that also offers a value add opportunity, giving an investor the ability to take possession of the property and make some minor interior cosmetic improvements. Presently rents are below market rent. A new owner should have the ability to raise rents to market.
Rose Garden Apartments has an excellent location within minutes of downtown Birmingham, UAB and Baptist Princeton Hospital. Rose Garden Apartments has consistently kept low vacancy. With light renovation, the area offers strong rent demand and growth.