For Sale $13,500,000
Property Type Multi-Family
Property Size 85,804 SF
Units 88
Parking Spaces Avail. 153
Year Built 1984
Year Renovated 2023
Date Updated Apr 23, 2024

This Property is located in a thriving, affluent pocket of Southeast Huntsville, Alabama. It sits just 10 minutes south of the exploding Central Business District that is undergoing a historic Renaissance, making it very well positioned in one of the most quickly gentrifying submarkets in this fast-growing city. This location is very much in the path of growth, while being insulated from many of the units coming online in the Madison and NW Huntsville area.Aura Apartments, a recently renovated and very well-appointed apartment asset situated on a quiet, heavily treed 5-acre lot in prestigious Southeast Huntsville, Alabama, offers astute Buyers something they have been looking for in Huntsville-without luck-for almost SIX years, namely, a B+ Quality, turnkey property in an outstanding area, delivered at closing nearing a 6% cap rate with additional upside. Even with our modest performance projections, a Buyer is almost assured to achieve a 20%+ IRR on a seven-year hold, a feat without precedent in the dynamic and award-winning Huntsville market in quite some time. We can’t wait to tour Aura with you--the property shows great, and the renovations to the units and the exterior rebrand, have been nothing short of staggering.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Contacts

Andrew Agee

SVN | AVAT Realty

(256) 653-0065

Location

Getting Around

Walk Score ®
47/100 Car-Dependent
Bike Score ®
46/100 Somewhat Bikeable

Map
Street

City HUNTSVILLE, AL
Neighborhood Hillwood Estates
Zip Code 35803
Market Huntsville

Points of Interest

Murphy USA

0.28 miles
Mapco

0.43 miles
Marathon

0.63 miles
Circle K

0.70 miles
Speedway

0.73 miles
Chevron

1.18 miles
High quality Fuel station

1.40 miles
Sam's Club Gas Station

1.66 miles
Citgo

1.71 miles
Fuel City

2.24 miles

Pickup

2.32 miles
Land Trust of North Alabama: Blevins Gap Trailhead South

3.79 miles
Redstone Energy Park

5.05 miles
Walmart

5.24 miles
Safety City

6.00 miles
Parking Garage

6.56 miles
Franklin Medical Tower Parking Garage

7.04 miles
Blackwell Medical Tower Parking Garage

7.05 miles
420 Lowell Drive Parking Garage

7.07 miles
The Heart Center Parking Garage

7.07 miles

Hampton Inn & Suites Huntsville Hampton Cove

5.68 miles
SpringHill Suites

7.39 miles
Embassy Suites

7.43 miles
Hilton Garden Inn Huntsville/Space Center

7.84 miles
Marriott

7.94 miles
TownPlace Suites

8.16 miles
Value Place

8.49 miles
Days Inn

8.50 miles
Super 8

8.55 miles
Candlewood Suites

8.61 miles

Pizza Hut

0.16 miles
Ruby Tuesday

0.20 miles
LawLer's Barbecue

0.23 miles
Touchdown Wings

0.26 miles
Zaxby's

0.27 miles
Sonic

0.29 miles
Little Caesars

0.29 miles
Taco Bell

0.32 miles
Peppered Pig

0.34 miles
Schlotzsky's

0.36 miles

Challenger Elementary and Middle Schools

1.28 miles
Farley Elementary School

1.49 miles
Roger B Chaffee Elementary School

2.50 miles
Whitesburg P-8

3.75 miles
Park's Chapel Elementary School

4.32 miles
Holy Spirit School

4.93 miles
Jones Valley Elementary School

5.32 miles
Randolph School

5.37 miles
Big Cove Christian Acadamy

5.44 miles
Grace Lutheran School

5.50 miles

Frequently Asked Questions

What is the lease rate for Aura Apartments?

Rental asking rate at Aura Apartments is $6,750,000.00/YR.

What is the total square footage of Aura Apartments?

Aura Apartments totals 85,804 square feet.

When was this property built?

Aura Apartments was built in 1984.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.