The Oaks

Investment Highlights

STRONG INCOME TREND
    • 32% increase in revenue from 2016-2018

Opportunity to bring legacy leases to market rate

Newly implemented other income charges poised to increase NOI >$200/unit annually

NEWLY RENOVATED INTERIOR & EXTERIOR
    • Exterior renovated in 2016

74% of interiors are renovated

Fresh landscaping & striped parking lot

DESIRABLE CHARACTERISTICS
    • Units individually metered for all utilities

Popular townhouse style units

Onsite leasing office & laundry facility

EASY ACCESS TO DOWNTOWN AND EMPLOYERS
    • One mile from downtown Sylacauga

Close proximity to major employers

Easy access to Highway 280

FREE & CLEAR

The Oaks will be delivered free & clear.

Investment Summary

  • Status: Under Contract
  • Location: Sylacauga, AL
  • Total Units: 54
  • Year Built: 1958
  • Total SF: 49,440
  • Occupancy: 93%
  • Avg Unit Size (SF): 926 SF
  • Avg Rent / SF: $0.59
  • Avg Rent / Unit: $537

Contact

Additional Info

Click here to sign confidentiality agreement and access additional information