RiverHouse

About RiverHouse

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 144-unit RiverHouse apartment community located in Riverside, AL. This Riverfront community is situated 1 mile off I-20 granting easy access to the Birmingham MSA and Anniston submarket. The property recently underwent a full renovation, elevating all units to modern living standards. This asset’s waterfront location, on 3,000 feet of shoreline of the beautiful Logan Martin Lake, is just 10 minutes from the Honda Vehicle Assembly Plant in Lincoln, AL (4,500+ jobs and $3B invested locally since 2001). RiverHouse, on just its second owner in 45 years, is the only for rent apartment community in the state of AL that is lake front. Built in 1980, and fully renovated in 2022, RiverHouse represents an outstanding opportunity to invest in a heavily capitalized property, with little comparable supply, attractive assumable debt, and additional low-cost value add possibilities.