Description
Huntsville Al 37 Unit Complex. Includes 4419, 4421, 4423 Bonnell Dr. Current annualized gross income $257,963. 10% management $25,796 Utilities $27,061, Maintenance $25,981, Pest Grass Grounds $10,259, Insurance $8,200, Taxes $9,500 NOI $152,116. Annualized 2020 effective actual cap = 6.9%. Immediate upside to current rents and additional high value add potential. All units rented, except one that is being turned.
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0BEDS
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1.78ACRES
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0BATHS
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01/2 BATHS
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24,389SQFT
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$90$/SQFT
School Information
Description
Huntsville Al 37 Unit Complex. Includes 4419, 4421, 4423 Bonnell Dr. Current annualized gross income $257,963. 10% management $25,796 Utilities $27,061, Maintenance $25,981, Pest Grass Grounds $10,259, Insurance $8,200, Taxes $9,500 NOI $152,116. Annualized 2020 effective actual cap = 6.9%. Immediate upside to current rents and additional high value add potential. All units rented, except one that is being turned.
© 2021 NALMLS, Inc. All information provided is deemed reliable but is not guaranteed accurate by the MLS or Coldwell Banker of the Valley and should be independently verified. Listings marked with the NALMLS logo are provided courtesy of the North Alabama Real Estate Information Service, Inc. (NALMLS) IDX Database. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2021-01-21T14:27:12.617.
Listing provided courtesy of David Frederick Realty.