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    1006 Lee Dr Huntsville, AL 35816

    For Sale
    $325,000

    Renovated Duplex, 100% Occupancy

    Property size:
    1,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This Huntsville, Alabama duplex presents a compelling investment opportunity. Located at 1006 Lee Dr NW, this stabilized, Class B multifamily property boasts two units, each offering 750 square feet of living space. Each unit features two bedrooms, one bathroom, a kitchen, and a living area, complemented by a fenced backyard. The property sits on a half-acre lot and includes a brick building, concrete driveway, and two parking spaces per unit. Built in 2020, this property benefits from recent renovations and enjoys 100% occupancy. Its prime location in Northwest Huntsville offers proximity to Oakwood University, Alabama A&M University, and numerous shopping and entertainment options. The total square footage is 1,500 square feet. Owner financing is available with a 20-30% down payment. This is an excellent opportunity to acquire a well-maintained, income-producing asset in a desirable location. The property is individually owned and is not subject to a ground lease.

    Property Features for 1006 Lee Dr

    General Information

    Property type
    Multifamily properties
    Square Feet
    1,500 SF
    Class
    B
    Lot Size
    21,780 SF

    Building Details

    Year Renovated
    2020
    Buildings
    1
    Stories
    1
    Units
    2

    HighLights

    • Newly renovated Huntsville, AL duplex.
    • Owner financing available with 20‑30% down payment.
    • Two units, each 750 sq ft, 2 bed/1 bath.
    • Located on a half‑acre lot in Northwest Huntsville, near universities and amenities.
    • 100% occupancy, built in 2020.
    • Brick building with concrete driveway and 2 parking spaces per unit.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Building Supply Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.603024815395
    Latitude
    34.732634975556

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    FAQs

    What type of property is this?
    Multifamily property - Renovated Duplex, 100% Occupancy
    Where is this multifamily property located?
    The property is located at 1006 Lee Dr Huntsville, AL.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: Newly renovated Huntsville, AL duplex.; Owner financing available with 20-30% down payment.; Two units, each 750 sq ft, 2 bed/1 bath.
    (504) 715-7033
    Request Owner's contact information
    1006 Lee Dr Huntsville, AL 35816
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    Huntsville, AL 35816
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1006 Lee Dr Huntsville, AL 35816
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