218 Travis Rd Huntsville, AL 35806
This unique 1.6-acre property in Huntsville, Alabama, presents a compelling mixed-use investment opportunity. Located at 218 Travis Rd NW, 35806, this unrestricted property boasts a 1,600 square foot, single-story home featuring three bedrooms, each with its own private bath. Its prime location near Oakwood University and the University of Alabama in Huntsville (UAH), along with proximity to Research Park Boulevard, Redstone Arsenal, Toyota Motor Manufacturing, and various restaurants and entertainment venues, offers significant potential for multiple revenue streams. Currently configured for student housing, the property's zoning allows for diverse uses, including but not limited to RV park expansion. The existing infrastructure includes four septic systems and at least two remote electrical hookups, supporting the potential addition of up to three mobile homes or RVs. The property is outside city limits, offering flexibility and potential for future annexation. Buyers are encouraged to conduct their own due diligence regarding potential uses and feasibility studies. The asking price is $395,000, representing a price per square foot of $246.88 and a price per unit of $131,666.67. This exceptional property offers a rare blend of location, flexibility, and potential for substantial returns.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.