Spring Aire

Investment Highlights

Market Backed Value-Add Potential

Spring Aire currently trails its competitive set in effective rents by $150+ on average. The next investor can boost rents and exit value by initiating a strong value add campaign. Renovations to both interior/exterior of the complex will allow for substantial rental increases.

Limited New Competitive Supply

The City of Hoover heavily restricts new multifamily zoning, resulting in a static stock with rising occupancy.

State Ranked School System

The Hoover public school system ranked 5th in the entire state for 2024 and is a major attractor for the suburb, offering strong academics and athletics.

Investment Summary

  • Status: Available
  • Hoover, AL
  • Total Units: 70
  • Built: 1973
  • Occupancy: 92%
  • Avg Market Rent: $921
  • Avg Unit Size: 941 SF


Additional Info

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