Ashbrook Apartments

For Sale

67 Ashbrook Ln, ALBERTVILLE, AL 35951

This ALBERTVILLE property for sale is located at 67 Ashbrook Ln. Contact the listing broker for details on the current sale price for Ashbrook Apartments.

Contacts

broker

Andrew Agee

SVN | AVAT Realty

Property Details

  • Property Type Multi-Family
  • Property Size 79,937 SF
  • Units 72
  • Additional Rent Contact for pricing
  • Year Built 2007
  • Date Updated Aug 28, 2024
Ashbrook Apartments is located in the ever-growing city of Albertville, located in the northeast of Alabama. Albertville has experienced tremendous growth with the building of lots of new restaurants, shops, boutiques, and a shopping plaza that includes an Ulta and Food City within the last couple of years. Albertville has recently broke ground on construction for a new movie theater, Lucas Cinemas, a ten screen luxury seating complex with an expected completion date of summer 2022. Albertville Alabama had a 2021 population estimate of 22,522 with a median household income of $51,095. Albertville is nicknamed the "Fire Hydrant Capitol of the World" as Albertville, AL is engraved on every fire hydrant the Mueller plant produces and ships worldwide. Mueller's Albertville plant, which launched production forty years ago, today has 490 workers, making it one of the top employers in Marshall County.SVN is pleased to present the opportunity to acquire Ashbrook Apartments, a brick, 2007 built 71-unit affordable apartment asset located in the fast growing city of Albertville, Alabama--45 scenic minutes east of Huntsville, Alabama. Current max rents allowable are over $1,000, and those rents are supported by an impressive average household income within 2 miles of $57,020. Ashbrook is the newest and nicest property in the Albertville market, but current ownership has not pushed rents since it was developed, and has only lightly managed the property, giving new ownership the ability to acquire this Class B+ Asset that will quickly appreciate to the top of this dynamic market.

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Highlights

  • Property:
  • Ashbrook Apartments is the PREMIER multifamily property in Albertville, Alabama. Ashbrook Apartments were built in 2007, which means that it is eligible to go through the Qualified Contract program and exit the affordable program within the next 4 years.
  • Location:
  • Albertville, Alabama, nestled in the scenic foothills of the Appalachian Mountains, boasts a charming small-town atmosphere and is renowned for its friendly community and picturesque landscapes.
  • Investment:
  • Potential investors should expect an initial down payment of $2.4M, which should be expected to produce a five year return of over 20%.

Getting around

  • 37/100

    Walk Score ®

  • 34/100

    Bike Score ®

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Location

  • City ALBERTVILLE, AL
  • Zip Code 35951
  • Market Huntsville

Points of Interest

  • Shell

    0.27 miles

  • Citgo

    1.26 miles

  • Chevron

    1.58 miles

  • Mapco

    2.14 miles

  • Marathon

    2.33 miles

  • RaceWay

    4.78 miles

  • Murphy USA

    5.08 miles

  • Horse Trail Parking

    9.14 miles

  • Microtel Inn & Suites

    0.34 miles

  • Hampton Inn Albertville

    0.39 miles

  • Quality Inn

    0.43 miles

  • Fairfield Inn & Suites

    3.39 miles

  • Covenant Cove Lodge & Marina

    7.22 miles

  • Hampton Inn

    7.49 miles

  • Wyndham Garden Lake-Guntersville

    7.86 miles

  • Lake Guntersville Lodge

    8.17 miles

  • Piggly Wiggly

    0.34 miles

  • Food City

    0.49 miles

  • TJ Maxx

    0.66 miles

  • Ross

    0.69 miles

  • Tienda Mana

    0.90 miles

  • Supermercado La Popular

    0.93 miles

  • FoodLand

    1.08 miles

  • ALDI

    4.34 miles

  • Belk

    4.92 miles

  • Walmart Supercenter

    4.96 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Andrew Agee

SVN | AVAT Realty