1302 Boxwood Dr Huntsville, AL 35816
- Commercial real estate
- 2.40 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1302 Boxwood Dr
- Year built
- 2024
- Lot size
- 2.40 lot acres
- Property type
- Commercial real estate
- APN
- 14-08-33-1-002-062.000
Description
The Continental, a brand-new (2024) 68-unit apartment building in Huntsville, Alabama, presents a compelling investment opportunity. Situated on a 2.4-acre lot at 1302 Boxwood Dr, 35816, this multifamily property boasts 59,544 square feet of net rentable space, spread across four, two-story buildings. The property benefits from a prime location near downtown Huntsville, offering convenient access to local amenities and employment centers. Each of the 68 units features high-end finishes including hard surface counters, stainless steel appliances, smart features, luxury bath fixtures, and in-unit laundry. The average rent per unit is $1,119. This property is offered free and clear of existing debt and is located within an Opportunity Zone, providing potential tax advantages for investors. The Continental is a blank canvas, ready for immediate buildout and customization, allowing for significant value-add potential. The property's APN is 14-08-33-1-002-062.000 and is zoned for multifamily use. This is a rare chance to acquire a modern, well-located apartment complex with significant upside potential. Don't miss this chance to capitalize on the thriving Huntsville market.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Huntsville
- County
- Madison
- State
- Alabama
- Longitude
- -86.632319
- Latitude
- 34.736025
