Huntsville Value-Add Multifamily

For Sale

4009 Marie Ave NW, Huntsville, AL 35816

This Huntsville property for sale is located at 4009 Marie Ave NW. The current listed sale price for Huntsville Value-Add Multifamily is $450,000. Huntsville Value-Add Multifamily is situated on a lot that is 0.34 acre in size.

Contacts

broker

Len Johnson

Gateway Alabama Realty Group

(256) 509-2078

Property Details

  • Property Type Multi-Family
  • Property Size 2,797 SF
  • Units 6
  • Lot Size 0.34 Acre
  • Parking Spaces Avail. 12
  • Property Tenancy Multi-Tenant
  • Year Built 1974
  • Year Renovated 2016
  • Date Updated Mar 12, 2024
This value-add property has 6 studio apartments and is located in an active business area that is undergoing revitalization. Located near the University of Alabama in Huntsville, this commercial lot is adjacent to McDonald's and KFC restaurants and is zoned Light Industrial. It offers easy access to the Mid-City District, Redstone Arsenal, NASA, Research Park, and i565.Six value-add studio apartments located in high business area, near University of Alabama in Huntsville (UAH), Redstone Arsenal, NASA, Research Park, Mid-City business district, etc. Recent revitalization to the area increases property values. This property occupies a commercial lot zoned Light Industry and is located next door to McDonald’s and KFC restaurants. Recently renovated with beautiful modern updates in one unit. Lease up at $825 with a 12 month lease. The owner self manages, two of the current 5 tenants are month-to-month. Owner pays taxes, insurance, maintenance, lawn care, dumpster, and water/sewer. Tenants pay electricity with separate electric meters. Value add opportunity by adding professional management.

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Highlights

  • Zoned Light Industrial area
  • Currently 6 unit studio apartments
  • Value add opportunity with professional management
  • Centrally located
  • Possible Air BnB investment property

Getting around

  • 72/100

    Walk Score ®

  • 21/100

    Transit Score ®

  • 62/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Huntsville, AL
  • Neighborhood West Jordan Industrial Park
  • Zip Code 35816
  • Market Huntsville

Points of Interest

  • Shell

    0.12 miles

  • BP

    0.57 miles

  • Kangaroo Express

    0.63 miles

  • Citgo

    0.94 miles

  • Fuel station

    0.94 miles

  • Costco Gasoline

    1.64 miles

  • Sam's Club

    1.68 miles

  • Fuel station

    2.28 miles

  • Pratt Chevron

    2.67 miles

  • Marathon

    2.79 miles

  • Spragins Hall

    0.60 miles

  • University Fitness Center

    0.82 miles

  • Fraternity Row

    0.84 miles

  • UAH Intermodal Parking Facility

    0.88 miles

  • Southeast Housing

    0.92 miles

  • Alabama Credit Union

    1.00 miles

  • Engineering Building

    1.16 miles

  • Fletcher E. Seldon Educational Center

    1.31 miles

  • Huntsville Police Department

    1.74 miles

  • Lot P

    1.82 miles

  • Quality Inn

    0.38 miles

  • Super 8

    0.47 miles

  • Bama Inn

    0.55 miles

  • Days Inn

    0.59 miles

  • Value Place

    0.63 miles

  • Tom Bevill Center

    0.85 miles

  • Courtyard

    1.17 miles

  • Sleep Inn & Suites Huntsville near U.S. Space & Rocket Center

    1.25 miles

  • Comfort Inn Huntsville near University

    1.26 miles

  • Hampton

    1.44 miles

  • Jamo's Grocery

    0.67 miles

  • Choi's Oriental Food & Gifts

    0.82 miles

  • Walmart Neighborhood Market

    1.02 miles

  • ALDI

    1.13 miles

  • Walmart Neighborhood Market

    1.57 miles

  • Holiday International Market

    1.65 miles

  • La Congeneida Mexican Supermarket

    1.71 miles

  • Kroger

    1.91 miles

  • Earthfare

    2.17 miles

  • UG White Mercantile

    2.46 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Len Johnson

Gateway Alabama Realty Group

(256) 509-2078