The Meridian
Single Family
3
2.5
2292
Sqft
2011
$265,000
Purchase Price
$1,850
Rent / Mo
0%
Refinance Candidate
Property Leverage
About
The Meridian is a charming 3-bedroom, 2.5-bathroom home located in Huntsville, AL. A spacious living area with large windows allows plenty of natural light to flow into the space. The updated kitchen comes with stylish gray cabinetry, stainless steel appliances, and has an abundance of cabinet storage. Enjoy a second living space on the second floor that can be made into a movie room or home office. The attached bathroom in the primary bedroom has gorgeous detailing. The backyard space features a large patio and raised deck area, perfect for relaxing or entertaining guests.
Tenant Leasing Process
The time needed to sign the first tenant lease is variable and can depend on several factors including seasonality and whether the property requires any sort of renovation. Historically the average time to lease has been 45 days and has ranged from a minimum of 7 days to over 90 days. For more details on each status, check out the different rental statuses here.
Rented
Rental Status
This property is eligible to start receiving dividends after its first lease is signed.
The Market
Huntsville, AL
Huntsville consistently ranks highly for quality of life and ease of business. The city was founded in 1805 and has several historic districts along with various museums, parks, and annual festivals. Huntsville, known as The Rocket City, has a robust economy with high income earners due to the number of aerospace and military technology employers in the area. The Marshall Space Flight Center is NASA’s largest center, and most notably supports research and operations for the International Space Station. Huntsville is also home to Redstone Arsenal, a government base for various US defense departments with nearly 38,000 personnel. Cummings Research Park is nearby, boasting more than 300 companies and 26,000 employees working in research for science and technology. It’s the 2nd largest research park in the United States.
Common Questions
How Arrived works
What returns can I expect
What to expect if my property is still seeking a tenant
Diversification
Investing horizon & liquidity
Don't Know Which Property to Choose?
Other Questions?
$315,510
Invested
100%
Funded
2,558
Investors