Summit Ridge Apartments


Property Type: Project Based Section 8 Multi-Family

Summit Ridge Apartments 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).

Property Features

The property has a mix of one-, two- and three-bedroom garden style apartment homes. Upgraded amenities include a new management and community center with new computer lab and central laundry facility. Outside, there will be new picnic areas, pavilion and centrally located playground will also be installed.

Renovations

Summit Ridge will receive over $37,000 per unit in hard cost rehabilitation as part of Steele Properties’ acquisition.  The Summit Ridge scope of renovation encompasses extensive exterior and interior work. Buildings will receive new roofs, exterior doors, siding repairs and attic insulation for increased energy efficiency. The complex also will receive hard wired smoke and carbon monoxide detectors and improved lighting throughout the complex. 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 also will be installed.

Financial Partners

Alabama Housing Finance Authority, HUD, PNC Bank and Citi Community Capital

Property Stats

Units: 200 in 24 two-story walkup buildings on 19.6 acres

Age: 1975; Steele renovations in 2018

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