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  • 3.27 ACRES
  • - Multi-Family For Sale (Contingent Contract)

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Description for 102 Winchester Road Nw MLS# 1778654

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)

General Features

  • Property For
    Sale
  • Listing Type
    Apartment
  • Year Built
    1974
  • County
    Madison
  • Subdivision
    Metes And Bounds
  • Approx. Lot Size
    3.27
  • Approx. Acreage*
    3.27
  • Price
    $3,350,000

Additional Details

Middle Or Junior School
Chapman
New Construction Y N
False
Number Of Buildings
4
Number Of Units Total
48
Parking Features
Parking Lot, Off Street, Private
Heating
Individual
Sewer
Public Sewer
Water Source
Public
Elementary School
Martin Luther King Jr
High School
Lee High School

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Market Research


 

Huntsville Multi-Family Values

Average List Price:
$501,800
Average Sold Price:
$380,962
Average Price per SQFT:
$104
Average Days on Market:
59
Number of Properties for Sale:
8,766
Vs.

This Property

List Price:
$3,350,000
Approx. Price per SQFT:
N/A
Days on Website:
160 (Apr 12, 2021)

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The data relating to real estate for sale on this web site comes in part from the IDX Programs of the North Alabama Real Estate Information Service, Inc. Real estate listings held by brokerage firms other than Crye-leike, REALTORS are marked with the IDX logo and detailed information about them includes the name of the listing office. Copyright © 2021 by North Alabama Real Estate Information Service, Inc. All rights reserved.