1122 Wellman Ave NE, Huntsville, AL 35801

Back to Website: 1122Wellman.com

Status:Active
Price:$ 1,075,000
Beds:2
Baths:2 Baths (1 F, 1 H)
Type:Multi-Family
Size:3,650 ft²
Lot Size:11,360 ft²

Features

  • 4 units
  • 2 Bedroom, 1 Bathroom
  • All new Appliances including Washer/Dryer
  • All new Whirlpool Stainless Steel Appliances
  • Totally new throughout, HVAC, ELEC. PLUMBING, WALLS, FLOORING

Remarks

For Sale: Luxury Condo in Five Points Historic District, Huntsville

 Location: Five Points Historic District, Huntsville.

 Property Type: 2-bedroom, 1-bathroom Condo.

 Size: 830 square feet per unit.

 Recent Renovations: Completed in October 2023.

 Highlights:

Unique luxury condo complex in a prime location.

Close proximity (2 miles or less) to key Huntsville attractions: Huntsville Hospital, Central Huntsville, Von Braun Center, shops, restaurants, and Big Spring Park.

Meticulous renovation ensuring a blend of historic charm and modern amenities.

Historic Society and Huntsville City-approved plans and craftsmanship.

Original 1945 structure with concrete interior walls for enhanced safety.

Comprehensive updates: Plumbing, Electric, HVAC, Windows, Walls, Paint, Flooring, Granite Counters, Roof, Cabinets, etc.

 Amenities:

Covered parking Carport with storage and covered breezeway.

Property measurements verified by professional appraisal.

 Act Fast!

Opportunities like this are rare. Don't miss out! Call the owner today to schedule a viewing.

General Information

Zoning:
R-1C
School District:
Huntsville
Cross Street:
Lacy
Probate Sale:
no
APN:
1-4
Annual Property Tax:
$1,400
HOA Dues:
0
County:
Madison
Subdivision:
Five Points
View:
Call owner
Miscellaneous:
Updated to New Code

Building Details

Year Built:
Rebuilt 2024
# of Stories:
2
Roof Type:
Shingles
Style:
Traditional
Heating/Ventilation:
HVAC
Air Conditioning:
yes NEW
Fireplace:
0
Sewer:
Public
Water:
public
Foundation:
Concrete
Garage:
yes
Exterior:
Concrete
Flooring:
Luxury Vinyl & Tile
Pool:
no
Basement:
no
Rooms:
5

Commercial Details

Cap Rate:
8-9%
Annual Gross Income:
$91,000
Zoning:
R 1 C
Annual Operating Expense:
5-10%
Annual Net Income:
Aprox. $86,000
# of Units:
4
Unit Rental Price Range:
$1,800-$2,500

Amenities

  • Alarm System
  • Carport
  • Central A/C
  • Central Heat
  • Covered Parking
  • Dishwasher
  • Dryer
  • Garbage Disposal
  • Granite Counter Tops
  • Landscaped Back Yard
  • Landscaped Front Yard
  • Lawn
  • Microwave
  • New Construction
  • New Interior Paint
  • New Roof
  • Offstreet Parking
  • Historic District
  • Granite Counters
  • Patio
  • Refrigerator
  • Remodeled Bath
  • Remodeled Kitchen
  • Remodeled Throughout
  • Smoke Detectors
  • Stainless Steel Appliances
  • Storage Shed
  • Stove
  • Tile Floors
  • Triple Pane Windows
  • Washer
  • Washer/Dryer
  • Window Treatments
Jim Davis Caroline Davis

New South Realtors

1874 Slaughter Rd
Madison, AL 35758

(256) 651-8500

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