Listing Detail for MLS: 1095280
Courtesy: Independence Realty, Llc

For more information on this listing, please contact...

  • Price:

    • $400,000

  • Listing #:
    • 1095280
  • Class:
    • Multi-Residential
  • Status:
    • Contingent
  • Type:
    • Multi-family
  • # of Units:
    • 38
  • Apx. SqFt:
    • 38
  • # of Acres:
    • 16.00
  • Elementary:
    • LYNN FANNING
  • Jr. High:
    • MERIDIANVILLE
  • Sr. High:
    • HAZEL GREEN
  • Subdivision:
    • Metes And Bounds
  • Address:
    • 725 MOUNT LEBANON ROAD
  • City:
  • Area:
    • Madison
  • State:
    • AL
  • Zip:
    • 35773

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Description

Incredible money maker with very low overhead. 38 developed rental lots, each lot has its own gravel driveway, water meter, septic tank, and power pedestal. Lot rental is $150.00 per month per lot. Tenants do all maintenance on their trailers, so maintenance and expenses on this property are very low. Best cap rate of ANY multifamily investment being offered in the Huntsville area! Insurance is $1000.00 per year and the policy also covers the Schooner Park community (MLS#1095283)
  • Building Info
    • # Of Bldgs:
      • - 1
    • #units Unit 1:
      • - 38
  • Exterior Details
    • Construction:
      • - See Remarks
    • Outside:
      • - See Remarks
  • Property Details
    • Lot:
      • - N / A
    • Lot Size:
      • - 2657x262
  • Appliances
    • Appliances:
      • - None
      • - See Remarks
  • Parking
    • # Parking:
      • - 38
  • Utilities
    • Water:
      • - Public
      • - See Remarks
    • Heating:
      • - Individual
    • Cooling:
      • - None
      • - See Remarks
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For more information on this listing, please contact...