8132 Gayfer Rd Ext,
- 62 Units, all Two & Three Bedroom Floorplans
- 99,070 Rentable SF, 100,000+ Total SF
- Prime location in Fairhope with Average HH Income of $110k+ in a one-mile radius.
- High Quality & Well Maintained property, built in 2013
- High End Apartment Features & Fixtures along with Impressive Amenities
- Apartment amenities include granite, stainless, and custom cabinetry, along with vaulted ceilings and private garages and patios.
- Community amenities include a resort-style pool, modern fitness center, coffee bar, and beautifully landscaped common areas designed for relaxation and connection.
- Even conservative projections, with a rent increase of less than 20% over the next five years, show a 17% IRR.
Property Description
The Palladian at Fairhope in Fairhope, Alabama presents a strong multifamily investment opportunity. The 62-unit property features a mix of two- and three-bedroom patio homes with open-concept layouts, vaulted ceilings, modern finishes, and private garages. Residents enjoy in-demand amenities including a resort-style pool, fitness center, coffee bar, and outdoor gathering spaces. The community is ideally located near shopping, dining, schools, and healthcare services, enhancing long-term renter appeal. With steady population growth and limited new multifamily supply in the Fairhope market, Palladian at Fairhope is well-positioned to maintain stable occupancy and deliver consistent returns. Palladian at Fairhope offers investors the opportunity to acquire an extraordinarily well-built, BTR asset in the wealthiest and fastest growing county in Alabama. Nestled near the sparkling Gulf Coast and single-family homes with values averaging $550,000, Palladian enjoys a high-end renter pool and effective rents over $1,740, with identifiable room to grow. The asset is delivered to a new Owner in excellent condition, and at our target price will provide a 17% IRR based on conservative projections and a rent increase of less than 20% over the next five years.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 62 |
| Year Built: | 2013 |
| Opportunity Zone: | No |
| Property Website | Click Here |
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