Property Listing No Longer Available for Sale

3801 Triana Blvd, Huntsville, AL

Office for Sale - $695,000 - 11,076 Sq. Ft. on 1.2 acres


Property Info

CIMLS#69153
Location
  3801 Triana Blvd
  Huntsville AL 35805
UpdatedJune 17th, 2008
TypeOffice
Price$695,000
Building11,076 Sq. Ft.
Land1.2 acres

Property Description

Great Income Property near Redstone Arsenal. Excellent visibility near the corner of Drake Avenue & Triana Blvd. Current rent for 436sf units at around $350, but could easily support higher rent. Built in 1985; 25 total units - 11,076sf; 24 Business / Studio Apartment Units 436sf each; 1 Detached

Building Approx. 1313sf; Private Parking – 36 paved, 15 gravel Outbuilding & Treed Lot; Seller recently spent 150,000 on improvements: New Flooring, New Bathroom Fixtures, New Deck & Steps, New Heating / Air Conditioning Units, New 2 gallon fast recovery water heaters, New Interior & Exterior Painting and Siding


Financials

Gross Income $111,840

Insurance $2800

Waste $1800

Gas & Elect $10,500

Maintenance $6000

Taxes $7500

Net Income $83,240



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