- Updated On:
- April 7, 2022
Sphere Fairhope -MVP Equities is pleased to present the exclusive investment opportunity to become an investment partner of the 12-acre Build-to-Rent land site, the Highlands at Fairhope Village in Fairhope, Alabama. The site has a total of 90 platted lots of which, five units have already been delivered leaving room for 85 additional units. Fairhope is situated in Baldwin County, the fastest growing county in Alabama that boasts average household incomes 20%+ greater than the state average. The property is ideally situated close to high-quality retail (walkability to Publix), “A” rated schools and major employment drivers.
PREMIER EASTERN SHORE LOCATION
The property provides its residents a unique experience with major job drivers, retail, and entertainment offerings within immediate proximity. There is a Publix within walking distance. The property offers residents a unique living experience in Baldwin County. The property has immediate access to Mobile Bay, Rock Creek Golf Club and the Fairhope Rec Center.
TIGHTENING MARKETS WITH NO NEW DEVELOPMENT
Fairhope, AL has been placed under a 12-month moratorium on multi-family projects. Making this property a prime opportunity with no possibility for new competition.
The Fairhope City Council has recently approved a new 12-month moratorium on developments outside of the city limits, resulting in an inherent increase in the value of existing communities. The Highlands at Fairhope Village lies only 2.5 miles from downtown Fairhope and within the city limits.
Thus, allowing MVP Equities the opportunity to break into one of the fastest growing submarkets with the added cushion of no possibility for new competition for the year of 2022.
Downtown Frederick is a hot spot. Top location for local entertainment. All fixtures are included. Liquor license can be included. Price includes 3 leased apartments on the second floor, bringing in an income of $2,200 per month.
The Free standing built out restaurant offers a separate dining/banquet room. Spacious outdoor dining deck. Large commercial kitchen fully equipped. Seating capacity over 200 with large event area that includes a stage and movable dance floor.