2515 Meridian Street

    Huntsville, AL 35811
    • $500,000
    • STATUS: Active
    • ON SITE: 75 days
    • MLS #: 1109647
    Price Reduced
    UPDATED: 65 min ago
    $500,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    County:
    Area:

    School Ratings & Info

    Description

    Historic Maple grove Motel. Twenty-one individual rental units: seven are brick and have carports, remaining 14 are frame construction. Includes a main house with eight rooms, six of which are income producing. Gross income is 150k/year, minimal expenses as the units have been updated on a regular basis. Centrally located near downtown Huntsville. This is a niche market with steady, dependable income. Licensed as a motel, but most rentals are weekly or monthly.

    Monthly Payment Calculator

    © 2019 NALMLS, Inc. All information provided is deemed reliable but is not guaranteed accurate by the MLS or Intero Real Estate Services Huntsville and should be independently verified. Listings marked with the NALMLS logo are provided courtesy of the North Alabama Real Estate Information Service, Inc. (NALMLS) IDX Database. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2019-03-26T19:27:07.667.
    www.huntsvillerealestateprofessionals.com/homes/90725950

    2515 Meridian Street Huntsville, AL 35811

    • Price: $500,000
    • Status: Active
    • Updated: 65 min ago
    • MLS #: 1109647
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    County:
    Madison
    Area:
    Madison
    Property Description
    Historic Maple grove Motel. Twenty-one individual rental units: seven are brick and have carports, remaining 14 are frame construction. Includes a main house with eight rooms, six of which are income producing. Gross income is 150k/year, minimal expenses as the units have been updated on a regular basis. Centrally located near downtown Huntsville. This is a niche market with steady, dependable income. Licensed as a motel, but most rentals are weekly or monthly.
    Exterior Features

    Construction BrickVinylWood Parking Spaces 21

    Interior Features

    Air Conditioning Window Unit(S) Heat Electric

    Property Features

    Electric 220 Gas Natural Lot 0 Property Type Commercial Water Public Zoning BusinessCommercial

    Listing provided courtesy of Huber Realty.
    © 2019 NALMLS, Inc. All information provided is deemed reliable but is not guaranteed accurate by the MLS or Intero Real Estate Services Huntsville and should be independently verified. Listings marked with the NALMLS logo are provided courtesy of the North Alabama Real Estate Information Service, Inc. (NALMLS) IDX Database. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2019-03-26T19:27:07.667.
     
    Intero Real Estate Services Huntsville
    7531 Bailey Cove Rd, Ste A
    Huntsville AL, 35802