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Jonathan Dr Apartments 36 Units for Sale

8 Multifamily Properties Offered at $2,700,000 in Huntsville, AL

Investment Highlights

  • Huntsville MSA’s population leapt over 400,000 making it the largest city in Alabama
  • Huntsville has been named one of the top tech cities in the U.S., driven by major employers like NASA and defense contractors
  • Directly off US-431, a major interstate that runs through Alabama to Kentucky
  • Toyota is expanding production with a $282 million investments that will add more than 350 new high-quality jobs
  • 4.4 Miles (8 minute drive) from downtown Huntsville
  • Rents are $215 below market

Executive Summary

Marcus & Millichap has been selected to exclusively market for sale this property in Huntsville, AL. This offering will allow a potential investor to purchase a rare value-add opportunity.

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 THE JONATHAN DRIVE APARTMENTS.

Property Facts

Price $2,700,000
Price / SF $84.59 / SF
Sale Type Investment
Status Active
Number of Properties 8
Individually For Sale 0
Total Building Size 31,919 SF
Total Land Area 9.40 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
2222 Jonathan Dr NW, Huntsville, AL 35810 Multifamily 3,404 SF 1979 -
2212 Jonathan Dr NW, Huntsville, AL 35810 Multifamily 7,088 SF 1984 -
2226 Jonathan Dr NW, Huntsville, AL 35810 Multifamily 3,498 SF 1978 -
2225 Jonathan Dr NW, Huntsville, AL 35810 Multifamily 3,498 SF 1979 -
2216 Jonathan Dr NW, Huntsville, AL 35810 Multifamily 3,498 SF 1978 -
2214 Jonathan Dr NW, Huntsville, AL 35810 Multifamily 3,498 SF 1978 -
2217 Jonathan Dr NW, Huntsville, AL 35810 Multifamily 3,937 SF 1979 -
2224 Jonathan Dr NW, Huntsville, AL 35810 Multifamily 3,498 SF 1979 -
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  • Listing ID: 32730866

  • Date on Market: 8/8/2024

  • Last Updated:

  • Address: Jonathan Dr Apartments 36 Units for Sale, Huntsville, AL

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