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2225 Golf Rd SW 9 Unit Apartment Building $899,900 ($99,989/Unit) Huntsville, AL 35802
Investment Highlights
- Convenient Location to Memorial Parkway
Executive Summary
Rental/Investment Portfolio of 9 Units In One Condo Complex! All Units are 2 Bedrooms and 1.5 Baths. Majority Of Units With Recently Updated Kitchens, Baths, New Flooring, Fresh Paint, Fixtures. Great Location in Whitesburg and Grissom School Zones. Great Opportunity for Rental or Longer Term Investment. Condo Association Fee Includes Exterior Building Maintenance, Grounds, Water, Pool and Clubhouse. Sold AS IS at this price! Seller Would Consider Splitting into Individual Unit Sales or Smaller Package
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$129,600
|
$117.39
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$6,480
|
$5.87
|
| Effective Gross Income |
$123,120
|
$111.52
|
| Taxes |
$10,800
|
$9.78
|
| Operating Expenses |
$32,400
|
$29.35
|
| Total Expenses |
$43,200
|
$39.13
|
| Net Operating Income |
$79,920
|
$72.39
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $129,600 |
| Annual Per SF | $117.39 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $6,480 |
| Annual Per SF | $5.87 |
| Effective Gross Income | |
|---|---|
| Annual | $123,120 |
| Annual Per SF | $111.52 |
| Taxes | |
|---|---|
| Annual | $10,800 |
| Annual Per SF | $9.78 |
| Operating Expenses | |
|---|---|
| Annual | $32,400 |
| Annual Per SF | $29.35 |
| Total Expenses | |
|---|---|
| Annual | $43,200 |
| Annual Per SF | $39.13 |
| Net Operating Income | |
|---|---|
| Annual | $79,920 |
| Annual Per SF | $72.39 |
Property Facts
| Price | $899,900 | Building Class | C |
| Price Per Unit | $99,989 | Lot Size | 6.80 AC |
| Sale Type | Investment | Building Size | 1,104 SF |
| Sale Condition | Bulk/Portfolio Sale | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1982/2025 |
| Property Subtype | Apartment | Parcel Number | 17-06-24-1-001-017.101-COMMON |
| Apartment Style | Low-Rise |
| Price | $899,900 |
| Price Per Unit | $99,989 |
| Sale Type | Investment |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 6.80 AC |
| Building Size | 1,104 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1982/2025 |
| Parcel Number | 17-06-24-1-001-017.101-COMMON |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | - | 1,100 |
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2225 Golf Rd SW
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