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32243928
32243927

4009 Marie Avenue NW, Huntsville, AL 35816

LJ
40398
Gateway Alabama Realty Group, LLC
Listed by Gateway Alabama Realty Group, LLC
$599,000
33 days on market
Updated 31 days ago
Opportunity zone

Six-unit Multifamily Investment - Alabama - Huntsville

Details
APN 14-08-33-1-002-021.000
Property Type Multifamily
Sub Type Apartment Building, Low-Rise/Garden
Square Footage 2,797
Units 6
Cap Rate 6.64%
NOI $39,774
Occupancy 100%
Class C
Year Built 1974
Year Renovated 2026
Buildings 1
Stories 1
Acreage 0.340
Parking Spaces 11 spaces
Parking Per SqFt 3.93
Investment Type Core+

Six unit multifamily - Huntsville Alabama

Marketing description

Introducing a compelling investment opportunity in Huntsville, Alabama. This impeccably maintained one-story property offers a total of six fully occupied units within a 2,797 SF building, providing a solid foundation for consistent rental income. Most recently renovated in 2026, the property showcases modern updates and amenities, ensuring tenant satisfaction and long-term retention. Zoning allows for multifamily that includes short-term rental use, this versatile asset presents a range of potential opportunities for income generation. With 100% occupancy, this turnkey investment promises immediate returns in a high-demand rental market. Excellent investment opportunity, 6 studio apartments, offers a current annual income of $56,820 plus a lucrative pro-forma opportunity can provide revenue increase for entrepreneur investors that offer short-term rentals, these beautiful modern interiors with fresh a new exterior with great curb appeal are eye-catching, an ideal floor plan offers a spacious living area, open kitchen, alcove for dedicated bedroom area, new roof in 2018, additional storage area that could be onsite laundry for additional income, convenient to all of Huntsville's most popular sites, Air-BnB and short-term rental is city approved. Pro forma opportunity! As the virtually staged listing shows a high interest for mid-term rentals at $1,450 per unit. Don't miss your chance to capitalize on this attractive multifamily property, perfectly positioned for a lucrative venture in the thriving Huntsville area.

Discover the potential of Huntsville, Alabama, a dynamic city known for its thriving economy and exceptional quality of life. As a hotbed for technology and innovation, Huntsville draws a steady influx of professionals seeking new opportunities, making it an ideal location for a multifamily or high-rise investment. The area boasts close proximity to notable attractions such as the U.S. Space & Rocket Center, Redstone Arsenal, and Cummings Research Park, creating a vibrant and engaging environment for residents. With a robust job market and a diverse range of cultural and recreational amenities, Huntsville offers a compelling proposition for investors looking to capitalize on the city's growth and desirability.

Investment highlights

  • 6 studio apartments
  • 100% occupancy
  • City-approved AirBnB and short-term rental use
  • New roof in 2018
  • New modern exterior design
  • Updated and upgraded interiors
  • 2,797 SF building
  • Pro forma mid-term rental at $1,450/unit

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
$39,774.00
$3,314.50/mo

Valuation Metrics

0
DSCR
6.64%
Cap Rate
6.64%
ROI

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