4100 Broyles Ave SW - Apartments FOR SALE


Huntsville, AL 35805- West Huntsville
$600,000 USD
615-973-5373
4100 Broyles Ave SW, Huntsville, AL for Sale
$600,000 USD
Apartments - FOR SALE
1/29
null | 5.27% Cap Rate

4100 Broyles Ave SW
Huntsville, AL 35805
West Huntsville


HIGHLIGHTS

  • Current ownership has spent $40,000 on capital improvements in the last 36-months
  • Rents are currently $218 below market rate
  • Individually metered for water and electricity
  • Located in one of the fastest-growing markets in Alabama

OVERVIEW

Link to Deal Room and Financials: https://www.marcusmillichap.com/properties/171781/broyles-avenue-apartments Marcus & Millichap has been selected to exclusively market for sale the Broyles Ave Apartments. This offering will allow a potential investor to purchase a rare value-add opportunity Located in Huntsville, AL. Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing. AT NO POINT SHOULD TENANTS OR STAFF BE CONTACTED REGARDING THE SALE OF THE BROYLES AVE APARTMENTS.

FOR SALE DETAILS

PRICE

$600,000 USD

PRICE/SF

$107 USD /SF

# OF UNITS

8

PRICE/UNIT

$75,000

CAP RATE

5.27%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Broyles Ave Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

-

APN/PARCEL ID

17-05-15-2-002-091.000

ASK ABOUT THIS PROPERTY

Patrick CosgroveMarcus & MillichapMore Info
615-973-5373

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Patrick CosgroveMarcus & MillichapMore Info
615-973-5373

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.