501 Laurel Dr Huntsville AL

New Acquisition

21 George Investors, and partners, are pleased to announce the recent acquisition of Laurel Courtyard Apartments (to be rebranded as Meridian Gardens), a 64-unit apartment complex in Huntsville, AL.

Investment Highlights:

Location:                                      Huntsville, AL

Property Details:                        64-units; 8- buildings

Purchase Price:                           $1,070,000

Status:                                           Reposition

Occupancy:                                  53%

Value Adds:                                 – Implement superior asset management;

– Rebrand as Meridian Gardens Apartments

– Improve curb appeal

– New roofs

– Bring to market occupancy (93%)

– Improve tenant base and increase rents

This acquisition brings 21 George Investors’ portfolio to 10 assets totaling 169 units.