CALL FOR OFFERS MAY 9th

THE OPPORTUNITY

A garden-style asset in Huntsville, Alabama

Berkadia Real Estate Advisors LLC is pleased to announce the exclusive listing of Cambridge Court, a 64-unit garden-style apartment community located in one of the premier submarkets of Huntsville, Alabama.

 

Well-Located in Huntsville's Best-Performing Submarket

Stable Performer with Desirable Tenant Profile

Immediate Cash Flow and Great Upside Available

$75-$145 Rent Bumps for Light Value-Add Reno

10%+ Cash-on-Cash Return Y1 on Actuals Revenues and No I/O

Operational Upside

Delivered "Free and Clear"

Upgrade Opportunities

The Scope of work for a standard renovation at Cambridge Court includes new faux-wood flooring, updated appliances, painted cabinets, new or refurnished countertops, new light fixtures, new door hardward, and updated bathroom vanities.

BEFORE

AFTER

CAMBRIDGE COURT

UNIT INTERIORS

CAMBRIDGE COURT

AROUND THE PROPERTY

Cambridge Court is located in a stable area of Southeast Huntsville along the South Memorial Parkway corridor, a dominant north/south commercial thoroughfare. Within the Huntsville/Madison Metro, this submarket features a few of the most highly rated schools and affluent neighborhoods. The submarket is predominately white-collar, middle to upper income area. 

Cambridge Court is within a five minute drive of Huntsville's most desirable retail developments. Additionally, the property is located directly across a secondary street from a Kroger anchored center. The walkability to the center offers a strong competitive advantage as residents commonly cite this as a primary factor for residing at Cambridge Court.

The property is located within one mile of Sam's Club, Home Depot, Lowe's Home Center, Staples plus numerous other retail stores and restaurants. Furthermore, the property is near Redstone Arsenal with the closet gate just north of the property along Martin Road. 

CONTACT

Experts Here For You

Investment Advisors

DAVID WILSON

Senior Director

david.wilson@berkadia.com

256.682.9143

CALEB FRIZZELL

Associate Director

caleb.frizzell@berkadia.com

205.403.5544

ALABAMA OFFICE

2120 16th Avenue South | Third Floor

Birmingham, AL 35205

Phone: 205.918.0786

Berkadia.com

Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.

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