3815 Newson Road, Huntsville, AL 35805 | MLS 1041271 | Listing Information
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3815 Newson Road, Huntsville, AL 35805

Sold Price:
$525,450
Date:06/21/2016
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MLS# 1041271
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Last Updated: 12/3/2016 3:39 PM
Description for 3815 Newson Road Huntsville, AL 35805
Lender owned! Fully occupied 24 unit named apartment two story three building complex with excellent mix of units, 16 two bedroom one bath, 8 one bedroom one bath. Located within the excellent Grissom High School District and close to major centers of employment, including the US Armys Redstone Arsenal and Cummings Research Park, this property has high tenant appeal. All apartment buildings have brand NEW roofs installed by lender, all major repairs have been done by lender, property has gone from a 55% occupied rate to 100%! Coin operated laundry in bottom floor of each building, covered stairwells.Asphalt parking lot, fenced on three sides, next to single family residential. 8% cap rate
Price
Sold Price:
$525,450
Sold Date:06/21/2016
Metes And Bounds
Madison County
1041271
Closed
Description
Lender owned! Fully occupied 24 unit named apartment two story three building complex with excellent mix of units, 16 two bedroom one bath, 8 one bedroom one bath. Located within the excellent Grissom High School District and close to major centers of employment, including the US Armys Redstone Arsenal and Cummings Research Park, this property has high tenant appeal. All apartment buildings have brand NEW roofs installed by lender, all major repairs have been done by lender, property has gone from a 55% occupied rate to 100%! Coin operated laundry in bottom floor of each building, covered stairwells.Asphalt parking lot, fenced on three sides, next to single family residential. 8% cap rate
Listing Information
Property Type: Multi-Family, Other
1.23 Acres
Metes And Bounds
Neighborhood
School Information
MCDONNELL GRISSOM HIGH SCHOOL
Room Information
Interior Features
Stove, Refrigerator

Huntsville Real Estate

Huntsville is located in Alabama. Huntsville, Alabama 35805 has a population of 179,855.

The median household income in Huntsville, Alabama 35805 is $48,632. The median household income for the surrounding county is $58,242 compared to the national median of $53,046. The median age of people living in Huntsville 35805 is 36.6 years.

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Courtesy: Independence Realty, LLC
Information is deemed reliable but is not guaranteed.

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