* Under complete renovation and rehabilitation to be completed in 2018
Property Type: Project Based Section 8 Family Community
Summit Ridge Apartments is undergoing extensive rehabilitation the entire complex. The property is a collection of twenty-four family, two-story walk-up buildings on 19.4 acres located in 15 miles northeast of downtown Birmingham and easily accessible to Center Point Parkway (Highway 75).
Summit Ridge is receiving over $37,000 per unit in hard cost rehabilitation as part of Steele Properties’ acquisition. The property has a mix of one-, two- and three-bedroom garden style apartment homes. Interior upgrades include upgraded plumbing and electrical, paint, flooring and doors. Units will be refurbished with upgraded energy efficient lighting fixtures and water saving fixtures. Kitchens will receive new cabinets, counter tops, Energy Star appliances including a vent hood/microwave. Bathrooms will receive new vanities, tub surrounds and fixtures. Upgraded amenities include a new management and community center, pavilion and picnic area, as well as a new laundry facility for residents. A new centrally located playground will also be installed.
Acquire, Preserve, Improve