4205 Patton Rd SW
Huntsville, AL 35805
Multifamily Property For Sale
·
32 Units
Investment Highlights
- Excellent location in fast growing city
- Amazing cap rate of return with small changes
- Value add opportunities
Property Facts
| No. Units | 32 | Building Size | 19,584 SF |
| Property Type | Multifamily | Average Occupancy | 81% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1979/2019 |
| Building Class | B | Parking Ratio | 2.7/1,000 SF |
| Lot Size | 0.73 AC | ||
| Zoning | R2B | ||
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.73 AC |
| Building Size | 19,584 SF |
| Average Occupancy | 81% |
| No. Stories | 2 |
| Year Built/Renovated | 1979/2019 |
| Parking Ratio | 2.7/1,000 SF |
| Zoning | R2B |
About 4205 PATTON RD SW , HUNTSVILLE, AL 35805
Stable asset that rents quickly located right next to Redstone Arsenal & an epicenter of jobs in Huntsville! This market is experiencing incredible growth and this asset is sure to be a great wealth builder as Huntsville values climb exponentially. This property is a combination of two 16 unit buildings right next to one another, with plenty of parking and low expenses. Most units have been updated with modern LVP flooring & new paint, some appliances & HVAC units. One building has a brand new roof. All electric meters have been recently replaced. Units Include: - (6) 2 bedroom/ 1 bathroom units that have market rents of $525/mo - (26) 1 bedroom/ 1 bathroom units that have market rents of $475/mo Annual expenses average only $1194/unit Utilities: -Tenants pay electric -Owner pays water bill which averages $280/mo -No gas lines Value Add Opportunities: -Get all tenants up to market rents -Replace property management company to lower turn expenses & capture a lower management fee -Charge back water expense to tenants -Fully update the property over time to attract higher rents -Install coin operated laundry
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $525.00 | - |
| 1+1 | 26 | $475.00 | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $210,560 | |
| Land Assessment | $59,640 | Total Assessment | $270,200 |
Property Taxes
