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29818855
29818857

805 Mckinley Ave NE, Huntsville, AL 35801

SS
AL AL 72656
Huntsville-Keller Williams Realty
Listed by Huntsville-Keller Williams Realty
$284,900
106 days on market
Updated 69 days ago

5 Points Duplex

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 1,380
Net Rentable (SqFt) 1,380
Units 2
Cap Rate 5.7%
NOI $16,236
Occupancy 50%
Pro-Forma Cap Rate 7.7%
Pro-Forma NOI $21,936
Price per SqFt $206
Broker Co-Op Yes
Class B
Year Built 1900
Year Renovated 2018
Buildings 1
Stories 2
Acreage 0.150
Investment Type Value Add
Sale Condition 1031 exchange

Duplex in Historic 5 Points Area

Marketing description

Income-producing duplex built in 1900. Ideal for investors seeking stabilized income w/ value-add potential. Long-term tenancy in place w/ recent vacancy allowing for rent repositioning. 1031 opportunity. Each unit offers a functional layout w/ living room, kitchen, half bath, & laundry on the main level. Bedroom w/ full bath upstairs. Main level features heart of pine wood floors. Covered front & rear porches w/ large, shared, chain link fenced backyard. Appliances to remain include: dishwasher, refrigerator, & range/oven in each unit. Roof replaced in 2017. Tenants pay all utilities. Owner pays taxes & insurance. DO NOT DISTURB TENANTS.

Investment highlights

  • 1031 Exchange Investment Opportunity

  • Roof replaced in 2017

  • Recent vacancy allowing for rent increase or to owner occupy

Listing Contacts

SS
AL AL 72656
Huntsville-Keller Williams Realty
Listed by Huntsville-Keller Williams Realty

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$16,236.00
$1,353.00/mo

Valuation Metrics

0
DSCR
5.7%
Cap Rate
5.7%
ROI

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Additional Information

Name
Summer Shelkey
License
AL 72656
Brokerage Phone
2564179394
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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