1502 Ascent Trl Huntsville, AL 35816

This exceptional investment opportunity presents a well-maintained four-unit apartment building located at 1502 Ascent Trail NW, Huntsville, Alabama 35816. The property, built in 1984 and boasting 4,072 square feet, comprises four two-bedroom, two-bathroom units. Currently enjoying a 98% occupancy rate, this Class C multifamily property offers a compelling return on investment with a 3.58% cap rate and a price per unit of $106,250. The asking price for the entire property is $425,000, translating to a price per square foot of $104.37. The two-story building is situated in Madison County, within the vibrant city of Huntsville, Alabama's most populous city. Huntsville offers a rich history, evident in its Twickenham Historic District, and a lively cultural scene, highlighted by numerous festivals and events throughout the year, including Panoply, The Rocket City Brewfest, and Music in the Park. This property represents a strong addition to any investment portfolio, offering both stable income and significant potential for future growth. The property has undergone renovations since its construction. This is a turnkey opportunity for an investor seeking a profitable multifamily asset in a thriving Alabama market.