Apartment Building with Central
For Sale
$475,000
1511 Halston Circle A-D, Huntsville, AL 35816
Multi Family zoning and a concrete driveway support the property's residential configuration.
Property Size3,944 SF
Days on Market13
Property Features for 1511 Halston Circle A-D
General Information
Standard status
Active
Size
3,944 SF
Total Parking Spaces
8
Property subtype
Residential Income
Zoning
Multi Family
Amenities
Central Air
Central
Refrigerator, Oven, Dishwasher, Disposal, Electric Water Heater
Concrete, Driveway
Building Details
Building Size
3,944 SF
Buildings
1
Stories
2
Listing Agency:
HOLLOWAY & ASSOCIATES
Listed By:
A. Karnice Holloway · License #51158
(256) 755-9196
Source:
Evrealestate
Added: Sep 25
Changed: Oct 4
Last Checked: Oct 7 at 12:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HOLLOWAY & ASSOCIATES
Investment Insights
Based on property information with market context.
Located at 1511 Halston Circle A-D in Huntsville, this apartment property has central air and central heating. The interior includes a refrigerator, oven, dishwasher, disposal, and electric water heater.
The exterior features concrete and a driveway. The property is zoned Multi Family.
The exterior features concrete and a driveway. The property is zoned Multi Family.
Key Highlights
- Multi Family zoning
- Central air and central heating
- Refrigerator, oven, dishwasher, disposal, and electric water heater
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,913
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,260
$498.3K
Cap Rate 7%
$355,900
$355.9K
Cap Rate 9%
$276,811
$276.8K
Market Conditions
NOI Build-Up for 3,944 SF
Gross rent
$55.4K $14.04/SF
− Vacancy
−$10.1K −$2.56/SF
EGI
$45.3K $11.48/SF
− OpEx
−$20.4K −$5.17/SF
NOI
$24.9K $6.32/SF
Area
Huntsville, AL
Vacancy
18.20%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,260
Cap Rate 7%
$355,900
Cap Rate 9%
$276,811
Alternative Uses
Best Use
Apartment 5plus
$355.9K
$311.4K – $415.2K
NOI $24,913 @ 7.0% cap · market cap 5.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$898.6K – $1.20M
NOI $71,891 @ 7.0% cap · market cap 15.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
841
Businesses Nearby
Explore this area
Business Placement
Demographics for 35816, AL
15,035
Population
7,972
Households
1.9
Avg Household Size
28
Median Age
27%
College-Educated
88%
High-School Grad
5.1 sq mi
ZIP Area
2,948
Density / Sq Mi
$38,947
Median Household Income
$28,060
Median Earnings
$875
Median Rent
$114,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Multi Family zoning and a concrete driveway support the property's residential configuration.
Where is this apartment building located?
The property is located at 1511 Halston Circle A-D Huntsville, AL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Multi Family zoning; Central air and central heating; Refrigerator, oven, dishwasher, disposal, and electric water heater
