Apollo Ridge

Strategically positioned in the heart of Huntsville’s highly sought-after Research Park Submarket, Apollo Ridge (4516 Bonnell Dr) offers residents unparalleled access to the city's largest employment drivers, premier retail districts, and top-tier educational institutions. This exceptional connectivity ensures consistent renter demand and long-term asset growth. Epicenter of Job Growth & Innovation Cummings Research Park & Redstone Arsenal: The property is situated just minutes from Cummings Research Park—one of the largest in the nation—and Redstone Arsenal, a massive defense and aerospace hub currently employing over 44,000 professionals and projected to reach nearly 50,000 by 2025. Corporate Heavyweights: Huntsville is a leading national hub for defense, technology, and advanced manufacturing. Major nearby employers include NASA's Marshall Space Flight Center, the FBI (which recently added 2,300 new jobs), Boeing, and a $2.3 billion Mazda Toyota manufacturing plant. Unmatched Lifestyle & Entertainment Amenities MidCity District: Just a short distance away, this vibrant mixed-use destination is home to The Orion Amphitheater, Topgolf, and a massive collection of dining, retail, and breweries. Bridge Street Town Centre: An 80-acre open-air lifestyle center featuring upscale retail (Apple, Lululemon), luxury movie theaters, and the Westin Huntsville. The Village of Providence: A highly desirable, pedestrian-friendly neighborhood offering local boutiques, dining, and seasonal farmers markets. Proximity to Higher Education The property provides a highly convenient commute for students and faculty, located just 1.4 miles from The University of Alabama in Huntsville (UAH). UAH serves over 9,000 students and acts as a major pipeline for local high-tech and engineering talent. It is also nearby Alabama A&M, Oakwood University, and Calhoun Community College. A Nationally Recognized Market Huntsville consistently outperforms the national market and has emerged as one of the country's premier growth cities. It was recently ranked the #1 Best Place to Live by U.S. News & World Report ('22-'23) and the #1 Emerging Tech Talent Market in North America by CBREWe are pleased to present Apollo Ridge Apartments, a turn-key, 20-unit multifamily community strategically located in the highly desirable Research Park submarket of Huntsville, Alabama. Current ownership has invested in partial interior renovations, introducing modern white shaker cabinetry, updated countertops, plank flooring, and designer fixtures in select units. Offered at an attractive basis well below replacement cost, Apollo Ridge provides investors with a stable, high-occupancy asset (currently 95%) that generates immediate cash flow. Situated just minutes from major economic and lifestyle drivers—including Cummings Research Park, Redstone Arsenal, The University of Alabama in Huntsville (UAH), and the rapidly expanding MidCity District—the property benefits from structurally robust renter demand. With proven in-place operations and partial renovations already completed, new ownership is perfectly positioned to capture meaningful Net Operating Income (NOI) growth as they continue unit enhancements and benefit from the Huntsville markets growing job market.