Huntsville MLS search investment property

Huntsville MLS search for investment property in Huntsville
October 28th, 2011 2:09 PM


Huntsville MLS search image
I searched the Huntsville MLS for viable multi-family property. Out of over 80 available properties the one at the link below is the only one I saw that is worth considering. The others are in bad areas,

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114941424

It has been on market since 08/19/11. There link below is to where the current owner bought the unit 9/24/10 for $130,000.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114941426


The link below is to a summary of MLS activity in the neighborhood since 01/01/09. There is not really any relevant data in the sales but I think $199,000 is well above waht the market will bear.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114941432

Depending on how much work the current owner had to do to the building when he bough it, his break even point on a sale will be in the $140,000 range.

The rents that are stated on teh listing look to be in line with what I would expect.

The link below is to the Google satellite image of the property.

http://maps.google.com/maps?q=2426+WYNTERHALL+ROAD,+HUNTSVILLE,+AL+35803&hl=en&ll=34.610853,-86.55334&spn=0.007929,0.028839&sll=37.0625,-95.677068&sspn=31.28862,84.814453&vpsrc=6&hnear=2426+Wynterhall+Rd+SE,+Huntsville,+Alabama+35803&t=h&z=16


While Google didn’t go down this portion of the street the link below is to the Google street view of the neighborhood.

http://maps.google.com/maps?q=2426+WYNTERHALL+ROAD,+HUNTSVILLE,+AL+35803&hl=en&ll=34.609776,-86.551881&spn=0.000035,0.028839&sll=37.0625,-95.677068&sspn=31.28862,84.814453&vpsrc=6&hnear=2426+Wynterhall+Rd+SE,+Huntsville,+Alabama+35803&t=h&z=16&layer=c&cbll=34.609749,-86.551186&panoid=uikMp88Il_RHusggvYDQWw&cbp=12,90,,0,0

Please let me know if I can do additional research on this property for you.


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We just picked up the townhouse below as a rental. We are getting decent activity at $795. It’s not on the market for sale but the owner would sell, She is asking $95,000.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114941439

The link below is to the old MLS listing where the current owner bought the house in 2005 for $70,000. Her break even point on a sale would be in the $80,000 range. I don’t know what she would take for the unit but let me know if it interests you.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114941442

The link below is to some foreclosed single family properties that might be worth a closer look.