Aura Apartments Listing Details & Market Data

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.