Garden Place is a beautiful brick property located in the South Huntsville Submarket. Consisting of 20 two bedroom units and 22 one bedroom. With currently 1 vacancy, Garden Place offers the investor a stable property with some value add upside going forward with the natural appreciation in rents in this submarket as occupancy continues to be strong. The Current Owner has elected to keep rents lower than market and keep occupancy higher and longer. The units feature a full compliment of appliances, and there is an onsite laundry facility. About 80% of the units have new wood laminate flooring, new two tone paint, appliances. Roof were replaced in 2015.

Assume loan with attractive Fannie Mae Loan with long terms (30 year AM/10 Year Term) at 4.67% interest. The first three years are I/O, beginning in October of 2015, with payments of $4650/month.

Location Description:

Wooded lot, very private and safe, secluded from surrounding properties.

Highlights:

>> All Brick Property

>> Stable Occupancy, Currently 96%

>> New Roofs 2015

>> 80% Renovated Interiors

>> Fast Growing Huntsville, Alabama Market

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