This Multifamily Property is Off-Market.

4381 Sullivan Street
Madison, AL 35758 ·

12 Units · Multifamily For Sale




Price N/A Commission Split 3%
No. Units 12 Cap Rate 7.05%
Building Size 11,000 SF Gross Rent Multiplier 9.60
Property Type Multifamily Occupancy 100%
Property Sub-type Garden/Low-Rise No. Stories 2
Property Use Type Investment Lot Size 1.50 AC
Listing ID: 15442973 Date Created: 11/16/2007 Last Updated: 08/04/2008


Full occupancy apartment complex in the heart of Madison, the fastest growing and most desirable family community in the rapidly growing Huntsville metro area. Popular townhouse units. Current rents - Unit 1:600, 2:600, 3:500, 4:415 (manager), 5:500, 6:525, 7:600, 8:600, 9:530, 10:600, 11:600, 12:500. Rents being increased upon renewal $600/mo. All 2 bedroom units. Beautiful courtyard setting. On-site mgr. Seller will carry 20%: 3 Yr, Interest Only @ 6.5%.

From Hwy 20 go North on Wall Triana Appx 2 mi. Property on right just beyond Madison Elementary. Madison is a community of young professionals and top-notch schools. Convenient to Huntsville International Airport high tech corridor, Research Park and NASA/Redstone Arsenal.


  • Desirable Townhouse-Style Units in Beautiful Courtyard
  • Full Occupancy
  • Madison Community of Young Professionals and Top-Notch Schools
  • Owner Financing Available
  • Convenient to Huntsville Metro High Tech Industries
  • Increasing Rents in Very Limited Madison-Area Multifamily


4381 Sullivan Street, Madison, AL 35758 (Madison County)

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