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BIRMINGHAM PORTFOLIO

1,833 Unit Multifamily Portfolio Birmingham, Alabama

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The Birmingham portfolio is an opportunity to purchase 1,833 units in Birmingham. The properties consist of The Park at Carlyle, Park at Callington and Park at Buckingham. Acquisition will be structured where buyer will close at  specified benchmarks. Seller will continue on as a construction company to complete a committed renovation plan as well as manage the properties with incentives to receive a portion of future valuations. 

Sellers has  already invested and is further committed to a total budget of 19 million in capex.


CAPEX

The Park at Buckingham

583 Units
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Site Work
PARKING LOT $292,000
LANDSCAPING $232,000
INTERIOR
DEMO $430,770
PLUMBING $323,700
ELECTRIC $422,969
HVAC $596,949
DRYWALL $277,000
CABINETS/COU$1N,1TE2R5,T0O0P0S
VANITY $323,204
APPLIANCES $722,100
FLOORING $597,600
Clubhouse Reno$v8a5t0io,0n00
$5,870,088
The Park at Carlyle

629 Units
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Site Work
PARKING LOT$305,000
LANDSCAPING$346,000
INTERIOR
DEMO$469,695
PLUMBING$352,950
ELECTRIC$461,200
HVAC$650,890
DRYWALL$302,000
CABINETS/COUNTERTOPS$1,226,700
VANITY$353,000
APPLIANCES$787,350
FLOORING$652,000
Gate$180,000
$6,086,785
​The Park at Callington

604 Apartments
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Site Work
PARKING LOT $356,000
LANDSCAPING $325,000
INTERIOR
DEMO $448,935
PLUMBING $337,350
ELECTRIC $440,806
HVAC $622,122
DRYWALL 279,300
CABINETS/COUNTERTOPS $1,167,750
VANITY $336,834
APPLIANCES $752,550
FLOORING $622,800
Gate $170,000
Clubhouse Renovation/Add$i1ti,o2n50,00
$6,939,447
Underwriting 
birmingham_portfolio1_uw_6.22.2020.xlsx
File Size: 164 kb
File Type: xlsx
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