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The Park Apartment Homes

A 259-Unit Asset Plus Up to 153 Apartment Units to be Constructed as a Separate Phase In an Opportunity Zone Prattville, Alabama | A Suburb of Montgomery, Alabama

Property Highlights:

Year Built / Renovated: 2009 / N/A
Number of Units: 259 Units
Average Square Feet: 1,305 SF
Total Square Feet: 338,070 SF

Site Details

Site Size / Density: 24 Acres; 10.8 Units per Acre Parking: Ample

Unit Features

  • Nine-foot Ceilings
  • Fully-equipped Kitchen
  • Solid Wood Custom Cabinets
  • Stainless Steel Appliances
  • Faux Granite Countertops
  • Frost-free Refrigerator with Icemaker
  • Built-in Microwave
  • Open Breakfast Bar
  • Separate Dining Area
  • Screened In Patio/Balcony
  • Washer/Dryer Connections
  • Laundry/Utility Room
  • Faux Wood Vinyl Flooring*
  • Walk-in Closets in Bedrooms
  • Double Sinks in Master Bath
  • Garden Tub
  • Separate Shower in Master Bath
  • 2 Panel Interior Doors
  • Ceiling Fan(s)
  • 2” Window Blinds
  • (* In select units)

Community Amenities

  • Clubhouse/Leasing Office
  • Energy Star Certified
  • Resort-Style Saltwater Swimming Pool with Sundeck
  • Fitness Center
  • Cyber Cafe
  • Dog Park
  • Dog Spa
  • Motor Court for Resident Parking
  • Attached and Detached Garages
  • Juliette Balconies
  • Storage Rooms
  • Playground
  • Community Lake
  • Grilling Area
  • Walking Trails
  • Valet Trash
  • Mail Kiosk

Investment Highlights:

  • Built in 2009, The Park Apartment Homes offers a new investor an unparalleled investment opportunity in Prattville.
  • This garden-style asset features 259 units with five distinct one-, two- and three-bedroom flat and townhome floorplans. The floorplans average a spacious 1,305 SF plus very large screened porches.
  • Plug and play asset produces cash flow on Day 1 of ownership.
  • Desirable construction elements include: higher pitched roofs with quality architectural shingles, individual exterior entry, all electric utilities, concrete slab construction, copper wiring, and washer/dryer connections in all units.
  • Luxury amenity package outshines competition.
  • Property benefits from pride of ownership with long-term owner who is the original developer.
  • The subject is located on Legends Drive, right off Highway 82 (13,134 vehicles per day) and Cobbs Ford Road (35,064 vehicles per day) providing residents instant access to I-65 (78,160 v.p.d.).
  • Near numerous upscale retail developments

To access more detailed information about this property such as the Offering Memorandum PDF or other documents please Log in or Register.

Contact Information

Cory Caroline Sams

Senior Director

Chandler Brown

Director, Multifamily Sales and Lending

Walter Miller

Senior Managing Director

Taylor Brown

Managing Director

Bo Brown

President and CEO