Brick 4-Unit
New
For Sale
$419,900
4419 Torrance Drive, Huntsville, AL 35816
Residential Income, Huntsville, AL
Property Size4,074 SF
Lot Size0.25 Acres
Price / SF$103.07
Days on Market1
Property Features for 4419 Torrance Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi Family
Parking
4
Parking features
Driveway, Parking Lot
Appliances
Refrigerator, Oven, W/D Hookup
Subdivision
Executive Hills
Elementary school
Highland Elementary
Middle school
Mcnair
High school
Jemison
Directions
From University R Sparkaman R Bonnell R Ascent Trail L Torrance Drive.
Standard status
Active
APN
1408283003086.000
Size
4,074 SF
Lot size
0.25 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
2
Number of units
4
Listing Agency:
David Frederick Realty
(256) 539-5393
Listed By:
David Frederick · License #53565
(256) 990-2605
Added: Oct 7
Last Checked: Oct 7 at 8:06PM
MLS# 21931150
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Investment Insights
Based on property information with market context.
This four-unit residential income property contains 4,074 square feet in a full-brick building. The units are fully occupied. Central air conditioning and electric heat serve the building, with refrigerator, oven, and washer/dryer hookups noted among the unit features.
The property occupies a 0.2479-acre lot in Huntsville. Parking is provided by a driveway and parking lot, and the building is served by public water and sewer.
The property occupies a 0.2479-acre lot in Huntsville. Parking is provided by a driveway and parking lot, and the building is served by public water and sewer.
Key Highlights
- Four‑unit quadplex with 4,074 square feet
- Full‑brick construction
- Fully occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,720
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$594,400
$594.4K
Cap Rate 7%
$424,571
$424.6K
Cap Rate 9%
$330,222
$330.2K
Market Conditions
NOI Build-Up for 4,074 SF
Gross rent
$51.3K $12.60/SF
− Vacancy
−$8.9K −$2.18/SF
EGI
$42.5K $10.42/SF
− OpEx
−$12.7K −$3.13/SF
NOI
$29.7K $7.30/SF
Area
Huntsville, AL
Vacancy
17.29%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$594,400
Cap Rate 7%
$424,571
Cap Rate 9%
$330,222
Alternative Uses
Best Use
Multifamily LT 5
$424.6K
$371.5K – $495.3K
NOI $29,720 @ 7.0% cap · market cap 7.08%
Second Best
Apartment 5plus
$367.6K
$321.7K – $428.9K
NOI $25,734 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$1.06M
$928.3K – $1.24M
NOI $74,261 @ 7.0% cap · market cap 17.69%
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
770
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - The residential property is fully occupied and includes on-site parking.
Where is this quadplex located?
The property is located at 4419 Torrance Drive Huntsville, AL.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: Four‑unit quadplex with 4,074 square feet; Full‑brick construction; Fully occupied
