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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.huntsville al mls search. huntsville alabama mls search, Huntsville MLS search. Huntsville AL MLS search, Huntsville Alabama MLS search
 
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.
 
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114941458
Posted by Philip Winburn on October 28th, 2011 2:09 PMPost a Comment (0)
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