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    67 Ashbrook Ln Albertville, AL 35951

    For Sale
    Contact for pricing

    71-unit apartment asset in Albertville, Alabama, built in 2007.

    Property size:
    79,937 SF

    Property Features for 67 Ashbrook Ln

    General Information

    Size
    79,937 SF

    Building Details

    Year built
    2007

    Source: Andrew Agee Agent Andrew Agee

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ashbrook Apartments: Premier Multifamily Property

    Ashbrook Apartments, constructed in 2007, is a 71-unit apartment asset located in Albertville, Alabama. The property is situated in a growing city, approximately 45 minutes east of Huntsville. The property contains 79,937 square feet. The area has seen the addition of new restaurants, shops, boutiques, and a shopping plaza. Construction has begun on a ten-screen movie theater complex with luxury seating, expected to be completed in the summer of 2022. The city had an estimated population of 22,522 in 2021, with a median household income of $51,095. The property is eligible to go through the Qualified Contract program and exit the affordable program within the next 4 years. The maximum allowable rents are over $1,000, supported by an average household income of $57,020 within 2 miles. The property is considered the newest in the Albertville market. The city is known as the "Fire Hydrant Capitol of the World".
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ashbrook Apartments Apartment Building

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albertville
    County
    Marshall
    State
    Alabama
    Longitude
    -86.1955645
    Latitude
    34.2772007

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    FAQs

    What type of property is this?
    Apartment building - 71-unit apartment asset in Albertville, Alabama, built in 2007.
    Where is this apartment building located?
    The property is located at 67 Ashbrook Ln Albertville, AL.
    What are key features of this property?
    This property features: - Newest and nicest (Class B+) apartment property in Albertville, built in 2007.; - Significant rental upside potential due to current rents being below market.; - Located in the fast-growing city of Albertville, Alabama, with new restaurants, shops, and entertainment options.
    (256) 653-0065
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    67 Ashbrook Ln Albertville, AL 35951
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