Huntsville Value-Add Multifamily Investment
4009 Marie Ave NW
Huntsville, AL 35816
Highlights
- Zoned Light Industrial area
- Currently 6 unit studio apartments
- Value add opportunity with professional management
- Centrally located
- Ideal mid-term lease property
Description
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.
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.
