Huntsville Alabama 4 plex

1 Reply

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Huntsville.

Purchase price: $240,000
Cash invested: $65,000

First deal! By raising the rents to market raise, It'll be a little over a 7% CoC return. A+ school district makes this area very desirable area of Huntsville so it rents quickly.

Found agents on Loopnet. Interviewed them and described what I was looking for. One I worked with had a client liquidating his assets and needed to offload the property.

Here is the Zillow listing -,-AL,-35803_rb/190833456_zpid/

What made you interested in investing in this type of deal?

rents were below market
huntsville is growing
A school district

How did you finance this deal?

Conventional mortgage using Better Mortgage

How did you add value to the deal?

Raised rents

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

We hate spam just as much as you