Jonathan Dr Apartments 36 Units for Sale
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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.
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 | Number of Properties | 8 |
| Price / SF | $84.59 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 31,919 SF |
| Status | Active | Total Land Area | 9.40 AC |
| 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 |
|---|---|---|---|---|
| 2225 Jonathan Dr NW, Huntsville, AL 35810 | Multifamily | 3,498 SF | 1979 | - |
| 2226 Jonathan Dr NW, Huntsville, AL 35810 | Multifamily | 3,498 SF | 1978 | - |
| 2212 Jonathan Dr NW, Huntsville, AL 35810 | Multifamily | 7,088 SF | 1984 | - |
| 2222 Jonathan Dr NW, Huntsville, AL 35810 | Multifamily | 3,404 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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Patrick Cosgrove -
Peter Flis -
Trey Finison -
Marcus & Millichap
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Jonathan Dr Apartments 36 Units for Sale
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