This property is Off-Market
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
204 WEST LAKE CIRCLE
Madison, AL 35758
For Sale · $1,225,000
13,826 SF Building
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