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One to four duplexes 9.2 cap rate.

By
Real Estate Broker/Owner with Rosenblum Realty Inc.
$128,000 | | Toney, AL 35773
Presented by: Phillip Winburn
Huntsville Alabama Real Estate / Philip Winburn / Rosenblum Realty Inc.
(256) 797-4570
1346 CARTERS GROVE ROAD
 
Click here to visit www.Huntsville-Homes.com for more photos.
 
 
Property Highlights
Square footage: 1689 *MOL
 
Property Description
  Surprisingly nice duplex in quiet, desirable area. Solid oak cabinets. Laminate floors in common areas, vinyl in wet areas, carpet in hallway and bedrooms.

All new appliances. Some units are handicap accessible. Please do not disturb tenants.

Full occupancy with waiting list. Three more units available.

Purchase four duplexes with room for another duplex for $505,000

Each unit rents for $525 per month, has 2 bedrooms, 1 bath and $838 sf.

Gross Income: $12,600
Taxes: $335
Insurance: $400
Total Exp: $735
Net Op Income: $11,865

Dir:North on Memorial Parkway Highway 231/431to Hazel Green, Go past high school, turn Left on Charity, Left on Carters Grove, Property on right.

Off site viewers please go to Huntsville Alabama investment property for information on investing in Huntsville and to see additional available properties.
Property Details

 


Contact Phillip Winburn
Phillip Winburn   Presented by: Phillip Winburn
Huntsville Alabama Real Estate / Philip Winburn / Rosenblum Realty Inc.
(256) 797-4570
www.Huntsville-Homes.com
     
We are pledged to the letter and spirit of U.S. policy for the achievement of equal opportunity housing opportunity throughout the nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin. Equal Housing Opportunity Slogan: "Equal Housing Opportunity." Equal Housing Opportunity  
Show All Comments
The Elise Bickel Team
ReMax Select Realty - Pittsburgh, PA
Leasing, Property Management and Sales

Good luck!!

Aug 29, 2010 11:48 AM
The Jeff Rickert Team
RE/MAX Property Specialists - Pocono Lake, PA
Poconos - RSPS - The Jeff Rickert Team

Thanks for the post.

Looks like a winner, good luck with this prop..

Have a good day.

Aug 29, 2010 12:03 PM
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