Terina Widner 3179032096

Plateau Suites- Hospitality Rental 125 Covered Bridge Rd 2 Unit Apartment Building $585,000 ($292,500/Unit) Huntsville, TN 37756

INVESTMENT HIGHLIGHTS

Destination facility. Family and group friendly. Conveniently located downtown near public pool and amenities.

EXECUTIVE SUMMARY

Excellent Condition, Brick, Former Medical Office now STR/VRBO/AirBnB (could easily be converted to Multi-Family) property near Brimstone and Royal Blue ATV parks. Purchased and first floor renovated into two 1500sf rental suites in 2022. Each suite has three bedrooms and two full bathrooms with laundry facilities, kitchen, dining and living room. All furniture included. Turn key rental property. Basement is an additional 3024 sf of unfinished space, where you can add either two more rental units or owner living quarters. Each unit currently rents for an average of $300/night. Property is currently managed through Brimstone Property Management. Ample parking for your multiple tenants and trucks with trailers.

PROPERTY FACTS

Price	$585,000	Lot Size	0.39 AC
Price Per Unit	$292,500	Building Size	6,048 SF
Sale Type	Investment	No. Stories	2
No. Units	2	Year Built/Renovated	2002/2022
Property Type	Multifamily	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype	Apartment
Zoning	GB - General Business

Price	$585,000
Price Per Unit	$292,500
Sale Type	Investment
No. Units	2
Property Type	Multifamily
Property Subtype	Apartment
Lot Size	0.39 AC
Building Size	6,048 SF
No. Stories	2
Year Built/Renovated	2002/2022
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	GB - General Business