Historical Multifamily Sale Listing - THE COURTYARD TOWNHOUSE APARTMENTS

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THE COURTYARD TOWNHOUSE APARTMENTS

4381 Sullivan Street, Madison, AL 35758

N/A

12 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
12
Building Size:
11,000 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
7.05%
Gross Rent Multiplier:
9.60
Occupancy:
100%
No. Stories:
2
Lot Size:
1.50 AC
Listing ID
15442973
Last Updated
over 1 year ago

Highlights

  • 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

Description

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.

Map of 4381 Sullivan Street, Madison, AL 35758 (Madison County)

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Created 11/16/2007