$525,450
$576,000
8.8%For more information regarding the value of a property, please contact us for a free consultation.
3815 Newson Road Huntsville, AL 35805
1.23 Acres Lot
Key Details
Sold Price $525,450
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Metes And Bounds
MLS Listing ID 1041271
Sold Date 06/21/16
HOA Y/N No
Year Built 1979
Lot Size 1.230 Acres
Acres 1.23
Lot Dimensions 216 x 249
Property Sub-Type Apartment
Source Valley MLS
Property 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. Coin operated laundry in bottom floor of each building. 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%! Asphalt parking lot, fenced on three sides, next to single family residential. 8% cap rate
Location
State AL
County Madison
Direction From Interstate 565, South On Jordan Lane, Left Onto Drake, Right Onto Newson, Property On Left.
Interior
Heating Central, Electric
Cooling Central Air
Fireplace No
Appliance Refrigerator, Oven
Exterior
Total Parking Spaces 30
Building
Sewer Public Sewer
Water Public
New Construction Yes
Schools
Elementary Schools Mcdonnell
Middle Schools Whitesburg
High Schools Grissom High School
Others
Tax ID 1705152001019.000
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Copyright
Based on information from North Alabama MLS.
Bought with Independence Realty, LLC
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