Aura Apartments

For Sale

11575 Memorial Parkway SE, Huntsville, AL 35803

This Huntsville property for sale is located at 11575 Memorial Parkway SE. The current listed sale price for Aura Apartments is $13,500,000.

Contacts

broker

Andrew Agee

SVN | AVAT Realty

(256) 653-0065

Property Details

  • Property Type Multi-Family
  • Property Size 85,804 SF
  • Units 88
  • Parking Spaces Avail. 153
  • Year Built 1984
  • Year Renovated 2023
  • Date Updated Mar 17, 2024
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.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Getting around

  • 42/100

    Walk Score ®

  • 54/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Huntsville, AL
  • Neighborhood Hillwood Estates
  • Zip Code 35803
  • Market Huntsville

Points of Interest

  • Speedway

    0.03 miles

  • Circle K

    0.08 miles

  • Marathon

    0.13 miles

  • Chevron

    0.43 miles

  • Sam's Club Gas Station

    0.91 miles

  • Murphy USA

    0.95 miles

  • Mapco

    1.17 miles

  • Fuel City

    1.49 miles

  • High quality Fuel station

    1.51 miles

  • Texaco

    1.83 miles

  • Pickup

    1.83 miles

  • Land Trust of North Alabama: Blevins Gap Trailhead South

    3.39 miles

  • Redstone Energy Park

    4.30 miles

  • Walmart

    4.99 miles

  • Safety City

    5.26 miles

  • Parking Garage

    5.81 miles

  • Franklin Medical Tower Parking Garage

    6.29 miles

  • Blackwell Medical Tower Parking Garage

    6.29 miles

  • 420 Lowell Drive Parking Garage

    6.32 miles

  • The Heart Center Parking Garage

    6.32 miles

  • Hampton Inn & Suites Huntsville Hampton Cove

    5.29 miles

  • SpringHill Suites

    6.64 miles

  • Embassy Suites

    6.68 miles

  • Hilton Garden Inn Huntsville/Space Center

    7.16 miles

  • Marriott

    7.30 miles

  • TownPlace Suites

    7.62 miles

  • Value Place

    7.76 miles

  • Days Inn

    7.77 miles

  • Super 8

    7.82 miles

  • Bama Inn

    7.89 miles

  • Walmart Supercenter

    1.06 miles

  • ALDI

    1.23 miles

  • Publix Super Market at Mountain Cove Crossing

    1.70 miles

  • Walmart Neighborhood Market

    1.84 miles

  • Kroger

    1.87 miles

  • Far East Market

    1.94 miles

  • Target

    3.29 miles

  • TJ Maxx

    4.16 miles

  • The Fresh Market

    4.25 miles

  • Walmart Supercenter

    4.99 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

(256) 653-0065