3800 Governors Drive
Huntsville, AL 35805 ·
44 Rooms · Hotel & Motel For Sale
|Price||N/A||Property Use Type||Investment|
|No. Rooms||44||Commission Split||2%|
|Building Size||29,750 SF||Cap Rate||11.18%|
|Property Type||Hotel & Motel||APN / Parcel ID||Various|
|Property Sub-type||Economy/Limited Service|
|Listing ID: 18311732||Date Created: 08/15/2013||Last Updated: 02/06/2014|
Rare opportunity with GREAT CASH FLOWS and endless rehabilitation possibilities for significant upside potential. This former exterior corridor motel has been converted and operated as an independent weekly efficiency apartment property. The property has 44 units housed in 6 buildings and is an assembelage of 6 APN's.
Centerally located within the City of Huntsville with Interstate 585 visability, 2.5 miles from Red Stone Arsenel. The site also provides close proximety to Huntsville CBD (1.5 miles), Univeresity of Alabama- Huntsville (1.5 miles), and the U.S. Space and Rocket Center (2 miles). Cummings Research Park (2.25 miles), and the port of Huntsville (9.5 miles).
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