In the second section of the listing it shows 8 units, 2 bedrooms each with
rents at $325.

Late afternoon on Huntsville's Monte Sano

The income and expense information from the listing below is incomplete. We
would need to get the rent rolls to confirm expenses and vacancies but the
listing states.

Gross Income: $33,228
Vacancy: $0
Taxes: $1,211
Insurance:
Gas & Elec: $0
Water & Sewer: $0
Waste Remov: $456
Maintenance:
Management:
Other Exp: $480
Total Exp:
Net Op Income:

Unless you are an experienced landlord, managing low income apartments will
be hard. We manage almost 400 properties and regularly turn down lower
income multi-family property. Even as professional property managers with
resources, experience and a great Tenant Landlord Law attorney. Managing low
income property is a bad business decision. It uses way too many resources
for minimal return.

If you are looking for multi-family my counsel would be to look in a litter
higher price range

This unit has been on the market since 08/18/11 without selling. It last
sold for $192,000 on 06/28/07.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114948678

Huntsville Downtown Huntsville

From selling at $192,000 to being listed at $150,000 for three months
without selling might be an indication the neighborhood is in decline.

I review available multifamily homes for investor clients and the only on on
the Huntsville MLS market I could really reccomend them reviewing is.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114948679

I think it’s priced a little high for the market but it is in a stable area.

My preference is single family property. Its more liquid, has better
appreciation and is much easier to manage. The cash flow is not as good as
multi-family but it’s a much safer investment.

Huntsville skyline

Huntsville MLS investment property October 31, 2011