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.