Huntsville 16 Unit MF

3915 McVay Street Huntsville, AL 35805

3915 McVay Street, Huntsville, AL, 35805
3915 McVay Street, Huntsville, AL, 35805 3915 McVay Street, Huntsville, AL, 35805 3915 McVay Street, Huntsville, AL, 35805 3915 McVay Street, Huntsville, AL, 35805 3915 McVay Street, Huntsville, AL, 35805 3915 McVay Street, Huntsville, AL, 35805 3915 McVay Street, Huntsville, AL, 35805 3915 McVay Street, Huntsville, AL, 35805 3915 McVay Street, Huntsville, AL, 35805 3915 McVay Street, Huntsville, AL, 35805 3915 McVay Street, Huntsville, AL, 35805 3915 McVay Street, Huntsville, AL, 35805 3915 McVay Street, Huntsville, AL, 35805 3915 McVay Street, Huntsville, AL, 35805
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$1,295,000
Last Verified:
Apr 19, 2024

Highlights

  • 100% occupancy
  • Individually metered water and electric
  • Private off street parking
  • Value-add opportunity as rents reach market rates
  • Mix of studio and one bedroom units
  • Can be purchased with an 8-unit property located at 3815 McVay Street

Description

This 16 studio unit multi-family property has been recently renovated. This property is a streamlined one-story brick building. Ideal for modern hi-tech minimalist tenants that want to be close to work and to Huntsville's entertainment district. The building exterior has been painted with modern updated design and beautiful modern privacy fencing. Unit interior renovations can include fresh paint, new cabinets, appliances, LVP flooring, bathroom vanities, toilets and terminal heating/air systems. Renovation work is almost complete. Professional management company is in place and desires to continue with the new owner. Occupancy is 100% and management has tenants on a waiting list. Tenants pay all utilities. Annual 2024 property taxes $5,933

McVay Columns offers a quick commute to Redstone Arsenal and convenient access to downtown Huntsville, Research Park and local shopping and entertainment districts.


Year Built: 1975
Building Size: 7200sq ft
Lot Size: 0.66 acres


Documents

Brochure

Map of 3915 McVay Street, Huntsville, AL, 35805

Presented by:
Gateway Alabama Realty Group LLC

Request additional information
Len Johnson


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.