4381 Sullivan Street
Madison, AL 35758 ·
12 Units · Multifamily For Sale
THE COURTYARD TOWNHOUSE APARTMENTS
|No. Units||12||Cap Rate||7.05%|
|Building Size||11,000 SF||Gross Rent Multiplier||9.60|
|Property Sub-type||Garden/Low-Rise||No. Stories||2|
|Property Use Type||Investment||Lot Size||1.50 AC|
|Listing ID: 15442973||Date Created: 11/16/2007||Last Updated: 08/04/2008|
Full occupancy apartment complex in the heart of Madison, the fastest growing and most desirable family community in the rapidly growing Huntsville metro area. Popular townhouse units. Current rents - Unit 1:600, 2:600, 3:500, 4:415 (manager), 5:500, 6:525, 7:600, 8:600, 9:530, 10:600, 11:600, 12:500. Rents being increased upon renewal $600/mo. All 2 bedroom units. Beautiful courtyard setting. On-site mgr. Seller will carry 20%: 3 Yr, Interest Only @ 6.5%.
From Hwy 20 go North on Wall Triana Appx 2 mi. Property on right just beyond Madison Elementary. Madison is a community of young professionals and top-notch schools. Convenient to Huntsville International Airport high tech corridor, Research Park and NASA/Redstone Arsenal.
- Desirable Townhouse-Style Units in Beautiful Courtyard
- Full Occupancy
- Madison Community of Young Professionals and Top-Notch Schools
- Owner Financing Available
- Convenient to Huntsville Metro High Tech Industries
- Increasing Rents in Very Limited Madison-Area Multifamily
Not exactly what you're looking for? Start a new custom search to find the perfect property
The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.