Spartan Invest begins developing lots for new construction homes in North Alabama
Spartan Invest, a local Birmingham home building company, has recently announced a large neighborhood development of new construction homes in West Tuscaloosa. With the partnership of its sister-company, Alabama Rental Property, the businesses offer beautifully built homes for owner-occupant and tenant residents. This concept is gaining momentum across the nation, as many individuals and families are leaning toward an untouched, clean and crisp model.
While the neighborhood is being developed and funded through Spartan Invest, the homebuilder for the project is Corinth Construction, a sister company of the organization. Corinth Construction is made up of three licensed home builders who oversee the entire process – Jason Clark and Stan Weldy. Aiding in the plan’s quality and oversight is Thomas Ledbetter and Michael Coffey. Corinth partners with Synovus Financial to maintain a revolving line of credit of up to $4 million in capital.
“We began this venture because of the inventory shortage that we’re facing across the nation. We also wanted to be able to meet the different needs of both investors and residents alike and this neighborhood does just that. Corinth has enabled Spartan to help investors diversify and tenants are given more options during the search process.” Jason Clark, VP of Spartan Invest and Corinth Construction, says “we feel it’s a win-win for everyone”.
Buyers can choose from a pre-planned selection of styles and finishes to meet their preferences and taste. The homes will range in price from $160,000 to $260,000 and floor plans can include up to 1,700 square feet.
The project is scheduled to release in four different phases of breaking ground and framing the structures. Currently gearing up for phase two of the development, Spartan Invest expects to have new homes available in the Fall of 2021.
Prospective tenants will also have the opportunity to choose from a variety of options. Select homes will be available for rent and prices will range from $1,300 to $1,600 a month. Certain floor plans include up to 1,700 square feet and include up to 4 beds and 2 baths in some models.
Lindsay Davis, CEO of Spartan Invest, Alabama Rental Property and Corinth Construction, says that the product they are offering is more than just a great business model. “Our turn-key model includes providing fully renovated homes to tenants all over central and north Alabama. We believe that all homes should meet a higher standard of living at an affordable price. We have taken this same approach with new construction – offering families brand new homes at affordable rental rates.”
Located in the Hacienda neighborhood, the community is near to shopping, restaurants, and great healthcare facilities. Tuscaloosa Magnet Schools are in close proximity to the area, in addition to the University of Alabama. Businesses from around the world continue to race to Alabama for its business-friendly approach to prosperity. Great for growing families, the area has so much to offer and will continue to further the city’s ongoing economic success.