Address
102 Winchester Road NW Huntsville, AL
Price
$ 3,350,000
Property Attributes
  • MLS#1778654
  • TypeContingent
  • CountyMADISON
  • CityHuntsville
  • NeighborhoodMetes And Bounds
  • Zip35810
  • StyleApartment
  • Price$ 3,350,000
  • Bedrooms48
  • Full Bathrooms48
  • Half Bathrooms0
  • Lot Size3.27 Acres
Listing Provided Courtesy Of:
Gateway Al Realty Group LLC
Data Source:
Valley MLS - 145 - AL
Property Description

Magnolia Place Apartments is a 48-unit property that offers an investor looking to penetrate the fast growing Huntsville market a value-add opportunity that is producing steady cash flow. All units are 2 Bed/1 Bath, and have been remodeled with luxury vinyl plank flooring, two-toned painted walls and cabinetry, new fixtures, new parking lot (2015), and many new appliances. Substantial exterior upgrades including new roofs (2020), paint (2020), and new windows (2020). Majority of units have been updated (2020-2021) New 4-plex (2021)

Elementary School Middle School High School
Martin Luther King Jr Elementary School Chapman Middle School Lee High School
Price History
4/12/2021 Listed $3,350,000

General Features

City Huntsville
County MADISON
Directions From Memorial Parkway/Highway231, Head Northeast On Winchester Road. Property Will Be On The Left.
Elementary School Martin Luther King Jr
Heating Individual
High School Lee High School
Listing Agent Name Len Johnson
Listing Agent State License 40398
Middle/Junior High School Chapman
New Construction No
Property SubType Apartment
Property Type Residential Income
PropertyCondition 36-49 Years
Sewer Public Sewer
Standard Status Active Under Contract
Status Contingent
Street Name Winchester Road
Subdivision Name Metes And Bounds
Total Units 48
Year Built 1974

Interior Features

Heating Y/N Yes
Living Area Units Square Feet

Exterior Features

Building Area Total 42000
Lot Size Acres 3.27
Lot Size Area 3.27
Lot Size Square Feet 142441.2
Lot Size Units Acres
Number of Buildings 4
Parking Features Parking Lot, Off Street, Private
Total Parking 120
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 35810

Price
AVG $270K
$3.35M
Visits
AVG 67
81
Year Built
AVG 1972
1974

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