Value-Add Residential Income
For Sale
$375,000
4418 Bonnell Drive, Huntsville, AL 35816
Value-add residential income property offered for sale with inspections of occupied units after contract acceptance.
Property Size4,116 SF
Price / SF$91.11
Days on Market10
Property Features for 4418 Bonnell Drive
General Information
Standard status
Active
Size
4,116 SF
Property subtype
Multi Family Home
Building Details
Year Built
1985
Listing Agency:
Gateway Al Realty Group LLC
(256) 509-2078
Listed By:
Len Johnson · License #40398
(256) 509-2078
Source:
Alabamaland
Added: Jul 22
Changed: Jul 25
Last Checked: Jul 30 at 11:59AM
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 Gateway Al Realty Group LLC
Investment Insights
Based on property information with market context.
This value-add residential income property is being offered for sale and includes occupied units. Seller will perform inspections of occupied units after an accepted contract, and offers are expected to include proof of funds and a pre-approval letter.
The property is located near the Research Park district, the University of Alabama campus, and Redstone Arsenal.
The seller may also consider a package sale with up to 30 units, subject to coordination details shared by the listing agent.
The property is located near the Research Park district, the University of Alabama campus, and Redstone Arsenal.
The seller may also consider a package sale with up to 30 units, subject to coordination details shared by the listing agent.
Key Highlights
- Value‑add residential income property built in 1985
- Located near Research Park district, the University of Alabama campus, and Redstone Arsenal
- Occupied‑unit inspections to be performed after contract acceptance
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.8k | $14.04 |
| − Vacancy | −$10.5k | −$2.56 |
| EGI | $47.3k | $11.48 |
| − OpEx | −$21.3k | −$5.17 |
| NOI | $26.0k | $6.32 |
4,116 SF · lease $14.04/SF/yr · vacancy 18.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$371.4K
$325.0K – $433.3K
NOI $25,999 @ 7.0% cap · market cap 6.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.07M
$937.8K – $1.25M
NOI $75,026 @ 7.0% cap · market cap 20.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
664
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
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 - Value-add residential income property offered for sale with inspections of occupied units after contract acceptance.
Where is this multifamily property located?
The property is located at 4418 Bonnell Drive Huntsville, AL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Value‑add residential income property built in 1985; Located near Research Park district, the University of Alabama campus, and Redstone Arsenal; Occupied‑unit inspections to be performed after contract acceptance
