Residential Income
4418 Bonnell Drive Huntsville, AL 35816
New
For Sale
$375,000
MULTI_FAMILY - Huntsville, AL
Property Size4,116 SF
Lot Size0.25 Acres
Price / SF$91.11
Days on Market2
Property Features for 4418 Bonnell Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Parking features
- Parking Lot
- Appliances
- W/D Hookup
- Standard status
- Active
- APN
- 1408283003034.000
- Size
- 4,116 SF
- Lot size
- 0.25 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1985
- Number of units
- 4
Listing Agency:
Gateway Al Realty Group LLC
(256) 509-2078
Listed By:
Len Johnson · License #40398
(256) 509-2078
Added: Jul 22
Last Checked: Jul 23 at 6:06PM
MLS# 21924481
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Investment Insights
Based on property information with market context.
This residential income quadplex is offered for sale as a value-add opportunity. The property consists of multiple occupied units, and an inspection of occupied units will be performed after an accepted contract. Proof of funds and a pre-approval letter are required to accompany offers.
The property is located near the Research Park district, a University of Alabama college campus, and Redstone Arsenal in Huntsville, Alabama. It may be available as part of a package sale with up to 30 units, depending on the arrangement.
The lot measures 0.2479 acres and the property size is listed at 4,116 square feet.
The property is located near the Research Park district, a University of Alabama college campus, and Redstone Arsenal in Huntsville, Alabama. It may be available as part of a package sale with up to 30 units, depending on the arrangement.
The lot measures 0.2479 acres and the property size is listed at 4,116 square feet.
Key Highlights
- Value‑add property near Research Park district, University of Alabama campus, and Redstone Arsenal
- 1985 construction
- Central heating and central air
Financial Insights For Multifamily LT 5
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 | $51.9k | $12.60 |
| − Vacancy | −$9.0k | −$2.18 |
| EGI | $42.9k | $10.42 |
| − OpEx | −$12.9k | −$3.13 |
| NOI | $30.0k | $7.30 |
4,116 SF · lease $12.60/SF/yr · vacancy 17.29% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$428.9K
$375.3K – $500.4K
NOI $30,026 @ 7.0% cap · market cap 8.01%
Second Best
Apartment 5plus
$371.4K
$325.0K – $433.3K
NOI $25,999 @ 7.0% cap · market cap 6.93%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Residential income quadplex offered near research, university, and Redstone Arsenal areas.
Where is this quadplex 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 property near Research Park district, University of Alabama campus, and Redstone Arsenal; 1985 construction; Central heating and central air
