2212 Jonathan Dr Huntsville, AL 35810
- Commercial real estate
- 2.00 lot acres
Current Use by Public Records
- Jonathan Blue Spg Blue Spg / Apartment Building
Property Details for 2212 Jonathan Dr
- Lot size
- 2.00 lot acres
- Property type
- Commercial real estate
Description
This exceptional multifamily investment property, located in Huntsville, Alabama, presents a compelling value-add opportunity. The property comprises 36 units spread across eight, two-story buildings, encompassing a substantial 30,600 square feet of net rentable space. Situated on a sizable lot ranging from 2 to 2.25 acres, the property boasts a prime location at 2212-2226 Jonathan Dr NW, Huntsville, AL 35810, offering convenient access to US-431 and just a short drive from downtown Huntsville. Currently classified as Class B, this property offers significant potential for increased profitability through strategic renovations and rent adjustments. The current asking price is $2,700,000, translating to an attractive price per unit of $75,000. The property benefits from Huntsville's robust and growing economy, fueled by major employers like NASA, defense contractors, and Toyota's expanding engine factory. With an unemployment rate significantly below the national average and a consistently positive population growth trajectory, Huntsville presents a stable and attractive market for real estate investment. The property's proximity to major transportation routes and a thriving job market further enhances its investment appeal. This is a rare chance to acquire a substantial multifamily asset in a high-growth area with considerable upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Huntsville
- County
- Madison
- State
- Alabama
- Longitude
- -86.59045479
- Latitude
- 34.76831272
