3902 Cobb Rd SW - Apartments FOR SALE


Huntsville, AL 35805- West Huntsville
$11,000,000 USD
256-668-2858
3902 Cobb Rd SW, Huntsville, AL for Sale
$11,000,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

3902 Cobb Rd SW
Huntsville, AL 35805
West Huntsville


HIGHLIGHTS

  • LOAN ASSUMPTION OPPORTUNITY
  • RENOVATION STRATEGY | LEASE TRADE OUTS

OVERVIEW

Villa Madrid offers a unique opportunity to invest in an area of increased development and investment. Potential investors have a blank canvas to create and implement whatever kind of business plan they best see fit. Throughout this package, we have outlined a potential investment strategy that had to potential to lead to incredible returns. One of the most attractive parts about this investment is the fact that in the process of creating a luxury multifamily asset through nearly $1M of improvements, the returns are able to stay in the high teens to low twenties. This can be attributed to the large rental increases achieved through the renovation strategy laid out in this package.

FOR SALE DETAILS

PRICE

$11,000,000 USD

PRICE/SF

$138 USD /SF

# OF UNITS

120

PRICE/UNIT

$91,667

CAP RATE

Request Cap Rate

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Villa Madrid

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

172

LAND DETAILS

LAND ACRES

7.76 AC

LAND SF

337,860 SF

ZONING

MF

APN/PARCEL ID

17-06-14-2-001-009.000,17-06-14-2-001-010.000

ASK ABOUT THIS PROPERTY

Richard McDonaldSVN | AVAT Realty, LLCMore Info
256-668-2858

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Richard McDonaldSVN | AVAT Realty, LLCMore Info
256-668-2858

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.