$377,500
$425,000
11.2%For more information regarding the value of a property, please contact us for a free consultation.
208 Schooner Trail Toney, AL 35773
18.3 Acres Lot
Key Details
Sold Price $377,500
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Subdivision Metes And Bounds
MLS Listing ID 1095283
Sold Date 06/06/19
HOA Y/N No
Year Built 2000
Lot Size 18.300 Acres
Acres 18.3
Property Sub-Type Multi Family
Source Valley MLS
Property Description
Incredible money maker with very low overhead. 33 developed lots with 8 more undeveloped lots. Each developed lot has its own gravel driveway, water meter, septic tank, and power pedestal. Lot rental is $150 per month, per lot. Tenants do all their own maintenance on their trailers, so maintenance and expenses are very, very low. Best cap rate of ANY multifamily investment offered in the Huntsville area! Insurance is $1000.00 per year and the policy also covers the Mount Lebanon park (MLS#1095280)
Location
State AL
County Madison
Direction From I565, North On Research Park Blvd, North On Mount Lebanon, Left Onto Cottondale, Right On Cornfield, Left On Schooner.
Interior
Interior Features See Remarks
Heating Electric, Varies by Unit, See Remarks
Cooling None, Other
Fireplace No
Appliance None, Other
Exterior
Exterior Feature Other
Total Parking Spaces 33
Building
Sewer Other, Septic Tank
Water Public, See Remarks
New Construction Yes
Schools
Elementary Schools Lynn Fanning
Middle Schools Meridianville
High Schools Hazel Green
Others
Tax ID 0890705150000021.023
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Copyright
Based on information from North Alabama MLS.
Bought with Independence Realty, LLC
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