Knight Road Apartments

Located at 4041 Knight Rd SW, the property is perfectly positioned within Southwest Huntsville—a dynamic submarket offering a rare blend of stability and rapid commercial growth. Residents enjoy minimal commute times with easy access to Highway 231, downtown Huntsville, and major mixed-use developments like Campus 805, Stovehouse, and John Hunt Park. Huntsville consistently ranks as one of the top places to live in the U.S., driven by its booming economy and status as a premier aerospace, defense, and technology hub. With major employment anchors like Redstone Arsenal, NASA’s Marshall Space Flight Center, and a growing FBI presence just minutes away, the property attracts a highly reliable tenant base of professionals, military families, and healthcare workers.Knight Road Apartments is a stable, 21-unit garden-style community comprised entirely of highly desirable two-bedroom layouts. Built in 1984, the property operates at an efficient sub-50% expense ratio and boasts a historical occupancy rate of over 90%, currently sitting at 95% occupied. This asset offers a proven and immediate value-add opportunity. Significant capital improvements have already been completed, with 16 of the units fully renovated to include modern finishes such as stainless steel appliances, LVP flooring, new cabinetry, and upgraded countertops. Despite these upgrades, current rents are below market. New ownership has a clear path to growing revenue by establishing rent premiums on the already renovated units, completing upgrades on the remaining units, and developing community amenities in the property's unused greenspace.