8-Unit Apartment
For Sale
$575,000
4100 Broyles Avenue, Huntsville, AL 35805
The unit mix includes one- and two-bedroom apartments, with some interiors featuring refreshed flooring and paint.
Property Size5,616 SF
Price / SF$102.39
Days on Market269
Property Features for 4100 Broyles Avenue
General Information
Standard status
Active
Size
5,616 SF
Property subtype
Multi Family
Units
Unit Mix
5 x 1BR, 3 x 2BR
Multifamily Units
8
Additional Details
Highway Access
Yes
Building Details
Building Size
5,616 SF
Year Built
1964
Listing Agency:
Rosenblum Realty, Inc.
Listed By:
Kristin Milam · License #145729
(256) 425-2549
Source:
Intownpartners
Added: Feb 2
Changed: Oct 26
Last Checked: Oct 26 at 2:26PM
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 Rosenblum Realty, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1964 apartment building contains eight units: five one-bedroom apartments and three two-bedroom apartments. Some units have LVP flooring and new paint, and the roof dates to 2015. The property totals 5,616 square feet.
Redstone Arsenal, shopping, and dining are nearby. Memorial Parkway and I-565 provide access to downtown Huntsville.
Redstone Arsenal, shopping, and dining are nearby. Memorial Parkway and I-565 provide access to downtown Huntsville.
Key Highlights
- Eight apartments: five one‑bedroom units and three two‑bedroom units
- 5,616‑square‑foot building constructed in 1964
- Roof installed in 2015
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,474
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$709,480
$709.5K
Cap Rate 7%
$506,771
$506.8K
Cap Rate 9%
$394,156
$394.2K
Market Conditions
NOI Build-Up for 5,616 SF
Gross rent
$78.8K $14.04/SF
− Vacancy
−$14.4K −$2.56/SF
EGI
$64.5K $11.48/SF
− OpEx
−$29.0K −$5.17/SF
NOI
$35.5K $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%
$709,480
Cap Rate 7%
$506,771
Cap Rate 9%
$394,156
Alternative Uses
Best Use
Apartment 5plus
$506.8K
$443.4K – $591.2K
NOI $35,474 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,368 @ 7.0% cap · market cap 17.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
8
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
164
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - The unit mix includes one- and two-bedroom apartments, with some interiors featuring refreshed flooring and paint.
Where is this apartment building located?
The property is located at 4100 Broyles Avenue Huntsville, AL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Eight apartments: five one‑bedroom units and three two‑bedroom units; 5,616‑square‑foot building constructed in 1964; Roof installed in 2015
