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Cottages at Thirty 04 3004 Clopton St 28 Unit Apartment Building $1,950,000 ($69,643/Unit) 7.51% Cap Rate Huntsville, AL 35805
Executive Summary
Cottages at 3004 is a 28-unit, approximately 10,080-square-foot apartment community located in Southwest Huntsville. Originally built in 1950 and recently renovated in 2025, the property offers a unique cottage-style layout within an established neighborhood. Its proximity to major employment hubs, retail centers, and key transportation corridors supports consistent rental demand from workforce tenants and long-term residents alike. The asset is stable and cash-flowing, with a clear path to revenue growth through continued interior upgrades and rent optimization. Garden-style multifamily community located on Clopton Street in Huntsville, Alabama, positioned within the Madison County submarket near key local amenities and transit routes.
Property Facts
| Price | $1,950,000 | Apartment Style | Garden |
| Price Per Unit | $69,643 | Building Class | C |
| Sale Type | Investment | Building Size | 21,977 SF |
| Cap Rate | 7.51% | Average Occupancy | 100% |
| No. Units | 28 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | ||
| Zoning | R2B - Residence District | ||
| Price | $1,950,000 |
| Price Per Unit | $69,643 |
| Sale Type | Investment |
| Cap Rate | 7.51% |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Building Size | 21,977 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1950 |
| Zoning | R2B - Residence District |
Amenities
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 28 | - | 350 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 17-02-10-1-005-018.000 | Improvements Assessment | $91,680 |
| Land Assessment | $21,160 | Total Assessment | $112,840 |
Property Taxes
Parcel Number
17-02-10-1-005-018.000
Land Assessment
$21,160
Improvements Assessment
$91,680
Total Assessment
$112,840
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Cottages at Thirty 04 | 3004 Clopton St
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