Listing Detail for MLS: 1778654
Courtesy: Gateway AL Realty Group LLC

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

  • Price:

    • $3,350,000

  • Listing #:
    • 1778654
  • Class:
    • Multi-Residential
  • Status:
    • Active Under Contract
  • Type:
    • Apartment
  • # of Units:
    • 48
  • # of Acres:
    • 3.27
  • Lot Size:
    • 3
  • Year Built:
    • 1974
  • Elementary:
    • Martin Luther King Jr
  • Jr. High:
    • Chapman
  • Sr. High:
    • Lee High School
  • Subdivision:
    • Metes And Bounds
  • Address:
    • 102 Winchester Road
  • City:
  • County:
    • Madison
  • State:
    • AL
  • Zip:
    • 35810

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Description

Magnolia Place Apartments is a 48-unit property that offers an investor looking to penetrate the fast growing Huntsville market a value-add opportunity that is producing steady cash flow. All units are 2 Bed/1 Bath, and have been remodeled with luxury vinyl plank flooring, two-toned painted walls and cabinetry, new fixtures, new parking lot (2015), and many new appliances. Substantial exterior upgrades including new roofs (2020), paint (2020), and new windows (2020). Majority of units have been updated (2020-2021) New 4-plex (2021)
  • BuildingAreaTotal:
    • - 42000
  • Heating:
    • - Individual
  • HeatingYN:
    • - True
  • NewConstructionYN:
    • - False
  • ParkingTotal:
    • - 120
  • PropertyType:
    • - Residential Income
  • Sewer:
    • - Public Sewer
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For more information on this listing, please contact...