Property Type: Class B Multifamily Community
Location: Madison (Huntsville), AL
Acquired: October 2011
Purchase Price: $14,200,000
Somerset Partners 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 Partners is currently implementing a value add interior renovation program to this asset.