4009 Marie Ave NW

• Zoned Light Industrial area
• Currently 6 unit studio apartments
• Value add opportunity with professional management
• Centrally located
• Ideal mid-term lease property

Property Description

Six value-add studio apartments located in high business area, near University of Alabama in Huntsville (UAH), Redstone Arsenal, NASA, Research Park, Mid-City business district, etc. Recent revitalization to the area increases property values. This property occupies a commercial lot zoned Light Industry and is located next door to McDonald’s and KFC restaurants. Recently renovated with beautiful modern updates in one unit. Leased at $825 with a 12 month lease. The owner self manages, two of the current 5 tenants are month-to-month. Owner pays taxes, insurance, maintenance, lawn care, dumpster, and water/sewer. Tenants pay electricity with separate electric meters. Value add opportunity by adding professional management.