Rare investment opportunity

4311 & 4313 Patton Rd SW Huntsville, AL 35805

4311 & 4313 Patton Rd SW, Huntsville, AL, 35805
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$2,999,999
Last Verified:
Jul 24, 2024

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Highlights

  • - Enduring construction and design perfected in 2023
  • - 2023 Renovations to ensure modern amenities
  • - Property-wide camera coverage provides accountability
  • - 100% occupancy for immediate income stream
  • - Professional management in place for seamless operations
  • - Airbnb, private storage units, and on-site laundry offers additional upside
  • - Property-wide internet available
  • - Convenient location to major employers and entertainment venues

Description

Introducing a rare investment opportunity in the heart of Huntsville! This meticulously maintained property offers a 17,852 SF building with 31 units, each thoughtfully designed for modern living. With a prime location and 100% occupancy, it provides a steady income stream for discerning Multifamily / Low-Rise/Garden investors. The property boasts contemporary amenities, including on-site laundry and storage facilities. Property wide internet and camera , separate water meters at Capri 1 and water bill-back at Capri 2. Built in 1965 and renovated in 2023, the property has no deferred maintenance, professional management in place ensures a seamless transition for new owners. Don't miss the chance to capitalize on this turnkey opportunity in the thriving Huntsville market.

Situated in bustling Southwest Huntsville, this prime location offers close proximity to the Redstone Arsenal, Cummings Research Park, and the thriving NASA Marshall Space Flight Center. Residents will enjoy convenient access to shopping, dining, and entertainment options, as well as the natural beauty of the adjacent Aldridge Creek Greenway. Redstone Arsenal employs around 45,000 people making Redstone Arsenal the largest employer in the city of Huntsville. With a strong demand for Multifamily / Low-Rise/Garden properties in this area, the property's ideal location ensures long-term appeal for investors seeking a lucrative opportunity in the heart of Huntsville's growth


Year Built: 1965
Building Size: 17852sq ft
Lot Size: 1.68 acres


Documents

Brochure

Map of 4311 & 4313 Patton Rd SW, Huntsville, AL, 35805

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.