Managed Multifamily
New
For Sale
$475,000
2224 Wind Trace Circle, Huntsville, AL 35805
All units are leased, and the property is managed.
Property Size5,227 SF
Price / SF$90.87
Days on Market7
Property Features for 2224 Wind Trace Circle
General Information
Standard status
Active
Size
5,227 SF
Property subtype
Multi-Family
Occupancy
100%
Listing Agency:
Merithouse Realty
(256) 822-0010
Listed By:
Rob Abercrombie · License #78097
(256) 652-9500
Source:
Relocatetohuntsville
Added: Oct 2
Changed: Oct 7
Last Checked: Oct 7 at 12:34PM
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 Merithouse Realty
Investment Insights
Based on property information with market context.
This multifamily property in Huntsville includes a two-bedroom, two-bathroom unit. The property is managed, and all units are currently leased.
The property is located on Wind Trace Circle in a cul-de-sac.
The property is located on Wind Trace Circle in a cul-de-sac.
Key Highlights
- All units are currently leased
- Property is managed
- Two‑bedroom, two‑bathroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,017
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$660,340
$660.3K
Cap Rate 7%
$471,671
$471.7K
Cap Rate 9%
$366,856
$366.9K
Market Conditions
NOI Build-Up for 5,227 SF
Gross rent
$73.4K $14.04/SF
− Vacancy
−$13.4K −$2.56/SF
EGI
$60.0K $11.48/SF
− OpEx
−$27.0K −$5.17/SF
NOI
$33.0K $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%
$660,340
Cap Rate 7%
$471,671
Cap Rate 9%
$366,856
Alternative Uses
Best Use
Apartment 5plus
$471.7K
$412.7K – $550.3K
NOI $33,017 @ 7.0% cap · market cap 6.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,278 @ 7.0% cap · market cap 20.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
239
Businesses Nearby
Explore this area
Business Placement
Demographics for 35805, AL
23,189
Population
10,618
Households
2.2
Avg Household Size
31
Median Age
18%
College-Educated
78%
High-School Grad
9.2 sq mi
ZIP Area
2,521
Density / Sq Mi
$31,247
Median Household Income
$26,824
Median Earnings
$800
Median Rent
$108,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - All units are leased, and the property is managed.
Where is this multifamily property located?
The property is located at 2224 Wind Trace Circle 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: All units are currently leased; Property is managed; Two‑bedroom, two‑bathroom unit
