Overview
Palladian at Fairhope in Fairhope, Alabama presents a strong multifamily investment opportunity. The 62-unit property features a mix of two- and three-bedroom patio homes with open-concept layouts, vaulted ceilings, modern finishes, and private garages. Residents enjoy in-demand amenities including a resort-style pool, fitness center, coffee bar, and outdoor gathering spaces.
The community is ideally located near shopping, dining, schools, and healthcare services, enhancing long-term renter appeal. With steady population growth and limited new multifamily supply in the Fairhope market, Palladian at Fairhope is well-positioned to maintain stable occupancy and deliver consistent returns.
Investment Highlights
Palladian at Fairhope offers investors the opportunity to acquire an extraordinarily well-built, BTR asset in the wealthiest and fastest growing county in Alabama. Nestled near the sparkling Gulf Coast and single-family homes with values averaging $550,000, Palladian enjoys a high-end renter pool and effective rents over $1,740, with identifiable room to grow.
The asset is delivered to a new Owner in excellent condition, and at our target price will provide a 17% IRR based on conservative projections and a rent increase of less than 20% over the next five years.
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