Contacts
Andrew Agee
SVN | AVAT Realty
Property Details
- Property Type Multi-Family
- Property Size 60,396 SF
- Units 56
- Date Updated Jul 21, 2025
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.
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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.
Getting around
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32/100
Walk Score ®
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16/100
Bike Score ®
Powered by Walk Score ®
Location
- City Jasper, AL
- Zip Code 35504
- Market Birmingham
Points of Interest
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Circle K
0.46 miles
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Mobil
1.19 miles
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Texaco
2.48 miles
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Quick Sak Package Store
3.21 miles
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Chevron
3.68 miles
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Shell
3.83 miles
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Love's
4.65 miles
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Comfort Inn & Suites
0.68 miles
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Econo Lodge
0.73 miles
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Super 8
1.21 miles
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Hampton Inn Jasper
2.49 miles
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Holiday Inn Express Jasper
2.50 miles
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Sleep Inn
4.67 miles
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Jasper Mall
0.21 miles
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ALDI
0.86 miles
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Walmart Supercenter
1.19 miles
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Piggly Wiggly
8.33 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
Andrew Agee
SVN | AVAT Realty