The Balcony | Tuscaloosa, AL

2230 11th Street Tuscaloosa , AL 35401

  • 26,491 Square Feet
  • Multifamily-Apartment
  • For Sale

Summary Description

Tier 1 Market

The Balcony serves the University of Alabama which has won five of the last ten College Football National Championships. With one of the most prestigious NCAA Division 1 football programs powering the university, enrollment has increased 14.76% over the past ten years to over 38,500 students currently.

 

High Quality Asset

Delivered in 2016, The Balcony offers granite countertops, stainless steel appliances, faux wood flooring, 60” TV’s, and wrap around balconies (select units). The community remains meticulously maintained offering a turnkey investment for the next owner.

 

Above Market Returns

The Balcony has strong in place cash flows and high occupancy allowing a future owner to generate double digit returns with the available financing. Additionally, there is remaining upside to furnish several units to further increase NOI.

 

Ability to Grow Rents

Rental rates for all unit types are currently priced well below the direct competitive set leaving ample room to increase rates while still maintaining 100% occupancy in the future.

Area Available: 26,491 Square Feet

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