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32269836
28989192

9002, 9008, & 9016 Mahogany Row, Huntsville, AL 35802

LJ
40398
Gateway Alabama Realty Group, LLC
Listed by Gateway Alabama Realty Group, LLC
$1,710,000
185 days on market
Updated 40 days ago

Southeast Huntsville

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 13,615
Units 12
Cap Rate 6.5%
NOI $111,173
Occupancy 91.6%
Class C
Year Built 1979, 1980
Year Renovated 2024, 2025
Buildings 3
Acreage 0.400
Parking Spaces spaces
Investment Type Core+
Ownership YH MAHOGANY 4PACK SUB LLC

Exceptional multifamily investment opportunity in the much sought-after southeast Huntsville area.

Marketing description

Introducing an exceptional investment opportunity in the sought-after Huntsville area. This portfolio offers three 4-plex townhouse style properties. 9002 Mahogany Row offers two spacious 3-bedroom 3-bath units and two spacious 2-bedroom 2-bath units. 9008 Mahogany Row offers two spacious 3-bedroom 3-bath units and two spacious 2-bedroom 3-bath units. 9016 Mahogany Row offers two 3-bedroom 3-bath units and two 2-bedroom 2 bath units. This is a favorite location for tenants and investors. Renovations include updates for modern interiors and updated amenities, ensuring tenant satisfaction and a strong rental performance. This portfolio boasts 91.6% occupancy with one vacancy under updating renovations for increased rental income. Most interior photos shown were taken prior to lease up. With a value-add opportunity waiting for market rent increases, investors can expect immediate and sustained returns plus lucrative pro-forma performance. These properties combine durability with contemporary upgrades, making it a lucrative addition to any investment portfolio. With its prime location, generous square footage, and potential for value-add, this property is poised to deliver attractive returns for savvy investors. Boasting a strong, growing economy driven by NASA's Marshall Space Flight Center and Redstone Arsenal, Huntsville offers a stable and diverse market for multifamily investments. The area is known for its high quality of life and access to top-rated schools, making it an attractive choice for families and professionals. With convenient proximity to the thriving Bridge Street Town Centre and the scenic Huntsville Botanical Garden, the location offers a compelling blend of urban amenities and natural beauty, ensuring a desirable living experience for occupants of the property. Seller will consider individual sales.

Investment highlights

  • Spacious townhouse style living
  • 3-bedroom 3-bath units and 2-bedroom 3-bath and 2-bath units
  • Built in 1979 & 1980 - renovated in 2024, 2025
  • 91.6% occupancy
  • Located in highly desirable southeast Huntsville
  • Value add opportunity found in market rent increases

Listing Contacts

LJ
40398
Gateway Alabama Realty Group, LLC
Listed by Gateway Alabama Realty Group, LLC

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$111,173.00
$9,264.42/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

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