Apollo Ridge Apartments 4516 Bonnell Dr NW 20 Unit Apartment Building $1,795,000 ($89,750/Unit) 6.25% Cap Rate Huntsville, AL 35816

Link to Deal Room and Financials: https://www.marcusmillichap.com/properties/188553/apollo-ridge
Marcus & Millichap has been selected to exclusively market for sale the Apollo Ridge apartments in Huntsville, AL. This offering will allow a potential investor to purchase a rare value-add investment opportunity within this rapidly growing Huntsville market.
Apollo Ridge, a 20-unit community located in Huntsville, offers investors a well-maintained asset with both recent improvements and clear value-add potential. Situated just off University Drive, the property benefits from immediate access to retail, dining, and major employers including Redstone Arsenal, Cummings Research Park, UAH, and the Toyota-Mazda plant. Over $62,000 has been invested in capital improvements within the past three years, while a mix of renovated and classic units leaves room for additional rent growth. With individually metered utilities, washer/dryer connections in every unit, and strong market fundamentals in one of Alabama’s fastest-growing metros, Apollo Ridge is positioned for durable cash flow and long-term appreciation.

Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing.
At no point should tenants or staff be contacted regarding the sale of Apollo Ridge.