Northgate Terrace Apartments

For Sale

1057 N Main St, ARAB, AL 35016

This ARAB property for sale is located at 1057 N Main St. The current listed sale price for Northgate Terrace Apartments is $840,000. Northgate Terrace Apartments is situated on a lot that is 1.74 acre in size.

Contacts

broker
Paul McDonald

SVN | AVAT Realty

Property Details

  • Property Type Multi-Family
  • Property Size 11,200 SF
  • Units 16
  • Lot Size 1.74 Acre
  • Additional Rent Contact for pricing
  • Year Built 1970
  • Date Updated Dec 20, 2024
Discover the charm of ARAB, AL, a vibrant community with a small-town feel and a big heart. Nestled in a picturesque setting, this flourishing town offers a wide range of amenities and attractions, making it an ideal location for Multifamily / Low-Rise/Garden investors. Residents at Northgate Terrace Apartments can enjoy the convenience of nearby shopping centers, local eateries, and community parks, creating a desirable living environment. With a strong sense of community and an array of recreational opportunities, ARAB boasts a welcoming atmosphere that appeals to both tenants and investors alike. Don't miss the opportunity to become part of this thriving locale!Perfect for the savvy Multifamily / Low-Rise/Garden investor, 1057 N Main St offers a prime investment opportunity. This impressive 11,200 SF building houses 16 units with Washer Dryer Hookups, boasting recent CAP EX remodels totaling $180K. With 12 out of 16 units already remodeled, the property presents a compelling value-add potential. The roof, less than 10 years old, adds further appeal to this property built in 1970. Located in the ARAB area, this property epitomizes lucrative investment potential, making it a must-consider opportunity for discerning investors.
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Getting around

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  • 38/100

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Location

  • City ARAB, AL
  • Zip Code 35016
  • Market Huntsville

Points of Interest

  • Murphy USA

    0.59 miles

  • Space Age

    1.62 miles

  • Marathon

    2.82 miles

  • Chevron

    4.78 miles

  • Public Boat Launch

    9.12 miles

  • Walmart Supercenter

    0.54 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Paul McDonald

SVN | AVAT Realty