Multifamily
For Sale
$375,000
4418 Bonnell Drive, Huntsville, AL 35816
The 1985-built property offers 4,116 square feet of multifamily space in Huntsville.
Property Size4,116 SF
Price / SF$91.11
Days on Market102
Property Features for 4418 Bonnell Drive
General Information
Standard status
Active
Size
4,116 SF
Property subtype
Multi Family
Building Details
Building Size
4,116 SF
Year Built
1985
Listing Agency:
Gateway Al Realty Group LLC
Listed By:
Len Johnson · License #40398
(256) 509-2078
Source:
Intownpartners
Added: Jul 22
Changed: Oct 30
Last Checked: Oct 30 at 2:42PM
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
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Investment Insights
Based on property information with market context.
Built in 1985, this multifamily property contains 4,116 square feet and is located at 4418 Bonnell Drive in Huntsville, Alabama.
The property is near the Research Park district, the University of Alabama campus, and Redstone Arsenal. A package sale of up to 14 units is available.
The property is near the Research Park district, the University of Alabama campus, and Redstone Arsenal. A package sale of up to 14 units is available.
Key Highlights
- 4,116‑square‑foot multifamily property
- Built in 1985
- Near the Research Park district, University of Alabama campus, and Redstone Arsenal
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,999
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,980
$520.0K
Cap Rate 7%
$371,414
$371.4K
Cap Rate 9%
$288,878
$288.9K
Market Conditions
NOI Build-Up for 4,116 SF
Gross rent
$57.8K $14.04/SF
− Vacancy
−$10.5K −$2.56/SF
EGI
$47.3K $11.48/SF
− OpEx
−$21.3K −$5.17/SF
NOI
$26.0K $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%
$519,980
Cap Rate 7%
$371,414
Cap Rate 9%
$288,878
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.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
664
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - The 1985-built property offers 4,116 square feet of multifamily space in Huntsville.
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: 4,116‑square‑foot multifamily property; Built in 1985; Near the Research Park district, University of Alabama campus, and Redstone Arsenal
