Rare 1% Rule investment opportunity in SE Huntsville. Turnkey rental located minutes from Redstone Arsenal, Ditto Landing, and downtown in one of the city's strongest rental corridors. Zoned for Grissom High School, supporting long-term tenant demand and rent stability. Proven rental history with professional management in place. Current (below mkt) rent $1,100/month with room for future growth. 2025 updates include fresh interior paint, new LVP flooring, updated blinds, and HVAC servicing. Additional improvements include dishwasher (2022), upstairs bath vanity and faucet, and HVAC replacement in 2024. Well-maintained, low-maintenance asset ideal for buy-and-hold investors. P&L available.
Property Features
Bedrooms
Other Rooms
Bathrooms
- Total Bathrooms: 1.5
- Full Bathrooms: 1
- 1/2 Bathrooms: 1
Heating and Cooling
- Cooling Features: Central 1, Electric
- Heating Features: Central 1, Electric
- Heating: Yes
Garage and Parking
- Parking Features: Parking Lot
Homeowners Association
- Association: Yes
- Association Fee: 100
- Association Fee Frequency: Monthly
- Calculated Total Monthly Association Fees: 100
- Association Name: Marinawoods Condo HOA
- Association Phone: 2566403252
School Information
- Elementary School: Challenger
- High School: Grissom High School
- Middle School: Challenger
Rental Info
Other Property Info
- Tax Block: A
- Source Listing Status: Active
- County: MADISON
- Directions: From Memorial Pkwy (Us-231/431) Heading South, Turn Left (East) Onto Hobbs Rd Se. Turn Right Onto Marinawoods Dr Se. Turn Left Into The Marinawoods Condos Parking/Drive. Last Building On The Right.
- Source Property Type: Residential
- Property Subtype: condo
- Source Neighborhood: Marinawoods Condos
- Parcel Number: 2303074007092.000.CONDO
- Subdivision: Marinawoods Condos
- Property Subtype: Condominium
Building and Construction
- Total Square Feet Living: 1040
- Year Built: 1985
- Construction Materials: Brick
- Foundation Details: Slab
- Levels: Two
- Property Age: 41
- Levels or Stories: Two
Utilities
- Sewer: Public Sewer
- Water Source: Public