8 Units in Huntsville
$1,299,000
Highlights
Units
8
Stories
2.5
Price Per Unit
$162,375
Lot Size
193.73 x 208.93 FT
Cap Rate
6.7%
Fantastic 8 Plex (3 X 1 Bedroom, 4 X 2 Bedroom, 1 X 3 Bedroom) On Nearly 1 Acre Of Land Directly Across Scenic Mary Lake. Fully Occupied. 20% Of The Units Were Renovated (New Bathtubs, Flooring, Decks) In 2021/22. Drilled Artesian Well System On-Site, Provides Unlimited Free Water Supply To The Building And Any Other Uses Needed. All Tenants Are Due For An Annual Increase Which Will Result In $240 In Additional Income Per Month. All Tenants Get 1 Parking Space And Are Charged $25/Month For Use Of An Extra Space. 16 parking spaces in total. New Roof 2018, New Furnace 2012.
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All information furnished regarding this property is from sources deemed reliable but no warranty or representation is made to the accuracy thereof and same is submitted subject to errors, omissions, change of price or other terms, prior to sale or withdrawal without notice. Prospective purchasers are advised to seek independent legal, accounting, or any other consulting advise as may be deemed necessary to submit an offer to purchased.