203 Windham St NE
Huntsville, AL 35801
Five Points Apartments · Multifamily Property For Sale · 25 Units

EXCEPTIONAL OPPORTUNITY TO AQUIRE APARTMENT IN FIVE POINTS--DOWNTOWN HUNTSVILLE. This apartment complex consists of 25 units with a mix of 18 two bed/one bath and 7 one bed/one bath units. Five Points has become a predominate member of Huntsville Historic Preservation Districts, established in 1999. The history of this neighborhood signifies the advancement of the upper middle-class housing in 20th century Huntsville. The area preserves its 19th century layout of wide streets, deep lots, and back alley access, which permit pedestrian-oriented streets. The Five points area has consistently attracted Huntsville’s upper middle class and the elite. Huntsville is one of the fasted growing Cities in the state of Alabama. The Greater Huntsville area has experienced over 11.5% growth between 2010-2018. Based on the absorption rate and the population trends increasing, we can estimate about over 30 people are moving to the area per day. Huntsville is now the 3rd largest city in the state of Alabama, and is projected to surpass Birmingham within the next 5 years. Currently only 57.9% of Huntsville residents are home owners. Over the past year, The Greater Huntsville area has allocated $4.1 billion to new developments. The substantial economic development projects are estimated to bring more than 6,000 new jobs to Huntsville/North Alabama. Among Huntsville’s evolving Industry, we estimate our housing and rental market to continue appreciating in value. Rental rates in Madison County have increased over 5% in the last year. Low rental and sales inventory, coupled with industry moving to the area, and low unemployment rate of 2.9%, will make rental prices will continue to increase and become more difficult to find. Don't miss out on this rare opportunity to acquire this portfolio, in Madison County's HOTTEST area!