1302 Boxwood Dr Huntsville, AL 35816

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.