This Multifamily Property is Off-Market.

4381 Sullivan Street
Madison, AL 35758 ·

12 Units · Multifamily For Sale

N/A

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THE COURTYARD TOWNHOUSE APARTMENTS

Price N/A Commission Split 3%
No. Units 12 Cap Rate 7.05%
Building Size 11,000 SF Gross Rent Multiplier 9.60
Property Type Multifamily Occupancy 100%
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

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.

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

Research

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

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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