Listing Detail for MLS: 1095283
Courtesy: Independence Realty, Llc

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

  • Price:

    • $425,000

  • Listing #:
    • 1095283
  • Class:
    • Multi-Residential
  • Status:
    • Contingent
  • Type:
    • Multi-family
  • # of Units:
    • 33
  • Apx. SqFt:
    • 66
  • # of Acres:
    • 18.30
  • Elementary:
    • LYNN FANNING
  • Jr. High:
    • MERIDIANVILLE
  • Sr. High:
    • HAZEL GREEN
  • Subdivision:
    • Metes And Bounds
  • Address:
    • 208 SCHOONER TRAIL
  • City:
  • Area:
    • Madison
  • State:
    • AL
  • Zip:
    • 35773

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Description

Incredible money maker with very low overhead. 33 developed lots with 8 more undeveloped lots. Each developed lot has its own gravel driveway, water meter, septic tank, and power pedestal. Lot rental is $150 per month, per lot. Tenants do all their own maintenance on their trailers, so maintenance and expenses are very, very low. Best cap rate of ANY multifamily investment offered in the Huntsville area! Insurance is $1000.00 per year and the policy also covers the Mount Lebanon park (MLS#1095280)
  • Building Info
    • # Of Bldgs:
      • - 1
    • #units Unit 1:
      • - 33
  • Exterior Details
    • Construction:
      • - See Remarks
    • Outside:
      • - See Remarks
  • Property Details
    • Lot:
      • - N / A
  • Appliances
    • Appliances:
      • - None
      • - See Remarks
  • Parking
    • # Parking:
      • - 33
  • Utilities
    • Water:
      • - Public
      • - See Remarks
    • Heating:
      • - Individual
      • - Electric
      • - See Remarks
    • Cooling:
      • - None
      • - See Remarks
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For more information on this listing, please contact...