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2222 Wind Trace Cir SW
Huntsville, AL 35805
Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- 100% Occupied.
- Recently renovated units
- No drive through traffic with cul-de-sac location.
- Conveniently located.
- Value-add opportunity as leases are renewed.
EXECUTIVE SUMMARY
Stable, 100% occupancy, well kept investment opportunity, value-add attained with increase rental income as leases renewed at market rent rate. The market rent for 2/1 apartments in this area is $895/month and up. Four-unit apartment property that can qualify for VA financing and FHA residential financing with lower interest rates. Conveniently located near major employers such as Redstone Arsenal Military Base, NASA, and Research Park as well as a short easy drive to the University of Alabama (UAH).
PROPERTY FACTS Under Contract
| Price Per Unit | $106,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 5.61% | Building Size | 3,496 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1981/2025 |
| Apartment Style | Low-Rise |
| Price Per Unit | $106,250 |
| Sale Type | Investment |
| Cap Rate | 5.61% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 3,496 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1981/2025 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Fireplace
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Large Bedrooms
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | - | 874 |
PROPERTY TAXES
| Parcel Number | 17-02-04-4-001-077.000 | Improvements Assessment | $51,220 |
| Land Assessment | $6,080 | Total Assessment | $57,300 |
PROPERTY TAXES
Parcel Number
17-02-04-4-001-077.000
Land Assessment
$6,080
Improvements Assessment
$51,220
Total Assessment
$57,300
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