Waverly Place at Madison

Madison, AL

Property Type: Class B Multifamily Community
Location: Madison (Huntsville), AL
Acquired: October 2011
Purchase Price: $14,200,000

Somerset purchased this 204 unit, Class B Garden Style apartment property in October of 2011.  This property built in the early 1990’s  is located in the strong Madison submarket.   This asset’s unique mix of very large 2, 3 and 4 bedroom units make this property ideal for young families that want to take advantage of Madison’s excellent public schools.  Somerset is currently implementing a value add interior renovation program to this asset.