- For Sale Subject To Offer
- Property Type Multi-Family
- Property Size 60,396 SF
- Units 56
- Date Updated May 19, 2026
Description
Jasper offers small-town charm with access to the economic strength of the Birmingham-Hoover metro area. Known for its proximity to natural attractions like Bankhead National Forest and Smith Lake, Jasper combines outdoor recreation with affordable living. The city has a strong manufacturing base and is home to several industrial employers, including Jasper Lumber Company, which recently announced a major expansion. Jasper is also the county seat of Walker County and benefits from infrastructure, healthcare, and education resources that support long-term stability for residents and investors alike.Mountainside Apartments, a 56-unit community built in 2005 and located in Jasper, AL, offers a compelling value-add investment opportunity. Constructed with durable partial brick exteriors, the property is currently operated under the LIHTC program but is now Qualified Contract (QC) eligible—positioning it for a near-term transition to market-rate rents. With strong economic and population growth in the Birmingham-Hoover MSA and rising demand for quality rental housing, Mountainside Apartments presents investors with the potential for significant revenue upside and long-term value creation.
Highlights
- 56 Units/ 60,396 of Rentable Square Footage
- Assumable HOME Loan
- Impressive QC Eligible LIHTC Asset
- Impressive Upside in the immediate future by achieving max rents
- Located in Jasper, a growing submarket of the Birmingham MSA
- Projected Year 1 revenue growth nearly 17% over T-12 performance.
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Contacts
Andrew Agee
SVN | AVAT Realty
Location
Contact Listing Broker
Andrew Agee
SVN | AVAT Realty