THE OPPORTUNITY

Matthews Real Estate Investment Services™ is pleased to offer the opportunity to acquire Magnolia Creek Apartments, a well-maintained 70-unit multifamily community situated in the heart of Birmingham, Alabama.

The property has recently benefited from significant interior and exterior upgrades, positioning it as a turn-key asset with strong tenant appeal. Residents enjoy proximity to Uptown Birmingham, one of the city’s most dynamic entertainment district, featuring a wide array of dining, retail, and nightlife options that drive consistent demand.

Magnolia Creek also offers excellent access to key transportation corridors, including I-20 and I-65, which see traffic volumes exceeding 120,000 vehicles daily. This connectivity enhances convenience for residents commuting throughout the Birmingham metro area.

Beyond its location advantages, the property sits near several of the city’s major cultural and recreational attractions, such as the McWane Science Center, Vulcan Park, and the Birmingham Zoo & Botanical Gardens. The University of Alabama at Birmingham and UAB Hospital System are also within a short distance, supporting demand from students and faculty.

With its recent capital improvements, strategic location, and proximity to Birmingham’s most popular destinations, Magnolia Creek Apartments presents investors with a compelling opportunity for long-term value and income growth.

PROPERTY HIGHLIGHTS

• 70 Units
• Average unit size: ±900 SF
• Latest Leases Achieving up to $975
• Current Average Rents: $848 (presenting 17% organic rental upside)
• Unit Mix: All 2×1’s
• 7%+ Cap Rate with Clear Path to 8%+ and Double Digit Cash-on-Cash Returns
• 96%+ Occupancy
• Fresh paint, modern kitchen, updated bathrooms
• Over 50% of HVAC’s replaced & Low-Flow plumbing fixtures throughout.
• Easy access to I-20 and I-65 and less than a 10-minute drive to Birmingham-Shuttlesworth International Airport.