4009 Marie Ave NW 6 Unit Apartment Building $814,945 CAD ($135,824 CAD/Unit) 6.64% Cap Rate Huntsville, AL 35816

Excellent investment opportunity in Huntsville: fully occupied 6-unit studio apartment property with$56,820 in current actual annual rental income, 11 parking spaces, and multiple potential paths to increase returns.This one-level multifamily property includes six studio apartments totaling approximately 2,797 sq. ft. on a 0.34-acre lot with a practical, easy-to-manage layout. The property is currently 100%occupied, providing immediate income from day one.The property features updated studio interiors, refreshed exterior appeal, open kitchen layouts, dedicated living/sleeping areas, convenient off-street parking, and newer roof. Current rent roll and information regarding capital improvements invested into the property are available upon request.The location offers a major advantage for both traditional and furnished rental strategies. The property is conveniently located near UAH, MidCity, downtown Huntsville, Redstone Arsenal, Huntsville hospitals, shopping, dining, and major employment drivers, creating appeal for students, traveling professionals, medical workers, and long-term residents.A key differentiator is that the City has provided written confirmation that short-term rental use is allowed at this property, giving a buyer flexibility that is not available with many Huntsville properties. In addition, virtual staging and mid-term rental market testing have shown strong interest at approximately $1,450/month per unit, creating potential furnished rental upside.Additional upside strategies may include self-management, continued rent growth, furnished mid-term rental use, and adding paid on-site laundry in the existing utility area, where there appears to be room for a commercial washer/dryer setup.This is a rare opportunity to acquire a stabilized, fully occupied 6-unit property with current income, documented rental demand, flexible use potential, 11 parking spaces, and multiple ways to improve returns over time.Occupied-unit inspections to be completed after accepted offer. Buyer to verify all information, including square footage, zoning, rental income, expenses, short-term/mid-term rental use, laundry possibilities, parking, and future income.