Lender owned! Fully occupied 24 unit named apartment two story three building complex with excellent mix of units, 16 two bedroom one bath, 8 one bedroom one bath. Coin operated laundry in bottom floor of each building. All apartment buildings have brand NEW roofs installed by lender, all major repairs have been done by lender, property has gone from a 55% occupied rate to 100%! Asphalt parking lot, fenced on three sides, next to single family residential. 8% cap rate
Multi-familyProperty Type
1979Year Built
1.23 acresLot Size
$350Price/Sq.Ft.
30 spacesParking
Listed by Robert Taylor• Independence Realty, LLC
•256-650-6262 (broker)
Bought with Robert Taylor• Independence Realty, LLC
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
—
Baths
—
Stories
1
Lot width
—
Lot depth
—
Lot size
1.13 Acres
Year renovated
1979
Sq. Ft.
5,684
Year built
1979
Style
Multi-Family (5+ Unit)
County
Madison County
APN
17-05-15-2-001-019.000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 25, 2026.
Property details
Parking
Parking / Garage Information
# of Parking Spaces: 30
Parking Features: Lot
Interior
Virtual Tour
Exterior
Exterior Features
Has View: No
Lot Information
Lot Size Acres: 1.23
Lot Size Dimensions: 216 x 249
Lot Size Area: 1.23
Lot Size Units: Acres
Lot Size Square Feet: 53,578.799999
Land Information
Water Source: Public
Property Information
Property Type: Residential Income
Property Sub Type: Apartment
New Construction: No
Year Built: 1979
Living Area Units: Square Feet
Appliances: Refrigerator, Oven
Building Information
Levels: Two
Financial
Tax Information
Tax Legal Description: SEC 15 T4S R1W ALL THAT PART OF LOT 1 1/2 A.W. NEWSON & ED PENNY MERRIMACK ADD DESC AS FOLL COM AT THE SE COR OF SD LOT 1 1/2 OF THE A.W. NEWSON & ED PENNY MERRIMACK ADD TH RUN W ALG THE S BDY OF SD LOT 1 1/2 OF
Tax Lot: N/A
Tax Block: N/A
Utilities
Utility Information
Gas: None
Sewer: Public Sewer
Heating & Cooling
Has Cooling: Yes
Has Heating: Yes
Cooling: Central Air
Heating: Central, Electric
Location
School / Neighborhood
Elementary School: Mcdonnell
Middle Or Junior School: Whitesburg
High School: Grissom High School
Location Details
Directions: From Interstate 565, South On Jordan Lane, Left Onto Drake, Right Onto Newson, Property On Left.
Community Information
Subdivision Name: Metes And Bounds
Public facts
Beds: —
Baths: —
Sq. Ft.: 5,684
Stories: 1.0
Lot Size: 1.13 acres
Style: Multi-Family (5+ Unit)
Year Built: 1979
Year Renovated: 1979
County: Madison County
APN: 17-05-15-2-001-019.000
Home facts updated by county records on Jun 25, 2026
Around this home
Schools
McDonnell Elementary School
Public PreK-5 • Assigned • 0.5mi
6/10
Whitesburg Middle School
Public 6-8 • Assigned • 3.2mi
2/10
Virgil Grissom High School
Public 9-12 • Assigned • 4.5mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 105° expected this year, 21 days in 30 years
4/10 Wind Factor
17% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Huntsville, AL • 35805
Average low and high temperatures (°F)
48
29
59
38
71
48
77
56
79
61
87
69
93
74
90
70
84
66
76
54
66
46
55
37
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.1 hours in
June and 4.5 hours in December, placing it below the
U.S. average for solar exposure.