For Sale $450,000
Property Type Multi-Family
Property Size 2,797 SF
Units 6
Lot Size 0.34 Acre
Parking Spaces Avail. 12
Property Tenancy Multi-Tenant
Year Built 1974
Year Renovated 2016
Date Updated Apr 28, 2024

This value-add property has 6 studio apartments and is located in an active business area that is undergoing revitalization. Located near the University of Alabama in Huntsville, this commercial lot is adjacent to McDonald's and KFC restaurants and is zoned Light Industrial. It offers easy access to the Mid-City District, Redstone Arsenal, NASA, Research Park, and i565.Six value-add studio apartments located in high business area, near University of Alabama in Huntsville (UAH), Redstone Arsenal, NASA, Research Park, Mid-City business district, etc. Recent revitalization to the area increases property values. This property occupies a commercial lot zoned Light Industry and is located next door to McDonald’s and KFC restaurants. Recently renovated with beautiful modern updates in one unit. Leased at $825 with a 12 month lease. The owner self manages, two of the current 5 tenants are month-to-month. Owner pays taxes, insurance, maintenance, lawn care, dumpster, and water/sewer. Tenants pay electricity with separate electric meters. Value add opportunity by adding professional management.

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Highlights

Zoned Light Industrial area
Currently 6 unit studio apartments
Value add opportunity with professional management
Centrally located
Ideal mid-term lease property

Contacts

Len Johnson

Gateway Alabama Realty Group

(256) 509-2078

Location

Getting Around

Walk Score ®
72/100 Very Walkable
Transit Score ®
21/100 Minimal Transit
Bike Score ®
62/100 Bikeable

Map
Street

City Huntsville, AL
Neighborhood West Jordan Industrial Park
Zip Code 35816
Market Huntsville

Points of Interest

Shell

0.12 miles
BP

0.57 miles
Kangaroo Express

0.63 miles
Citgo

0.94 miles
Fuel station

0.94 miles
Costco Gasoline

1.64 miles
Sam's Club

1.68 miles
Fuel station

2.28 miles
Pratt Chevron

2.67 miles
Marathon

2.79 miles

Spragins Hall

0.60 miles
University Fitness Center

0.82 miles
Fraternity Row

0.84 miles
UAH Intermodal Parking Facility

0.88 miles
Southeast Housing

0.92 miles
Alabama Credit Union

1.00 miles
Engineering Building

1.16 miles
Huntsville Police Department

1.74 miles
Lot P

1.82 miles
Lot K

2.01 miles

Quality Inn

0.38 miles
Super 8

0.47 miles
Bama Inn

0.55 miles
Days Inn

0.59 miles
Value Place

0.63 miles
Tom Bevill Center

0.85 miles
Courtyard

1.17 miles
Sleep Inn & Suites Huntsville near U.S. Space & Rocket Center

1.25 miles
Comfort Inn Huntsville near University

1.26 miles
Hampton

1.44 miles

McDonald's

0.04 miles
Wendy's

0.07 miles
Checkers

0.08 miles
KFC

0.08 miles
Arby's

0.11 miles
Popeyes

0.13 miles
Jack's

0.15 miles
Sonic

0.16 miles
Waffle House

0.23 miles
Shogun

0.25 miles

Westminster Christian Academy

0.63 miles
Evangel School

0.69 miles
Huntsville Junior High School

0.73 miles
Cavalry Hill School

0.99 miles
University of Alabama in Huntsville

1.03 miles
McDonnell Douglas Auditorium

1.08 miles
SWIRLL

1.24 miles
Sonnie Hereford Elementary

1.29 miles
Fletcher E. Seldon Educational Center

1.30 miles
Westlawn Middle School

1.47 miles

Slaughter Road Child Development Center

4.53 miles
Collaborations Child Development Center

9.63 miles

Frequently Asked Questions

What is the lease rate for Huntsville Value-Add Multifamily?

Rental asking rate at Huntsville Value-Add Multifamily is $225,000.00/YR.

What is the total square footage of Huntsville Value-Add Multifamily?

Huntsville Value-Add Multifamily totals 2,797 square feet.

When was this property built?

Huntsville Value-Add Multifamily was built in 1974.

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