For Sale
$699,000

2110 Forest Lake Dr Tuscaloosa, AL 35401

Four Turn-Key Student Rentals, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a portfolio of four turn-key single-family rental homes ideally situated in Tuscaloosa, Alabama's Forest Lake area. Boasting a total of 5,367 square feet across four buildings on a one-acre lot, this property offers a compelling return on investment. Currently operating at 100% occupancy, generating a gross annual rent of $73,800, this portfolio benefits from its proximity to the University of Alabama campus, ensuring consistent tenant demand. Each unit is priced at $174,750, with the entire portfolio listed at $699,000, translating to a price per square foot of $130.24. The property features city water and sewer services and is zoned under a variety of designations including R1, RA-1, and R3, providing flexibility for future development or expansion. This established, turnkey student rental portfolio represents a rare opportunity to acquire a high-performing, income-generating asset in a desirable location. The property's address is 2110 Forest Lake Dr, Tuscaloosa, AL 35401, with APN 31-07-25-2-022-002.000.

Highlights

  • $699,000 asking price for a four-unit multifamily property.
  • City water and sewer.
  • Established turn-key student housing portfolio.
  • $73,800 gross annual rent.
  • 100% occupancy near the University of Alabama.

Property Details for 2110 Forest Lake Dr

Property type
Residential income homes, Dormitories
Square Feet
5,367 SF
Buildings
4
Lot Size (sq. ft)
43,560 SF
Units
4

Location Insight

City
Tuscaloosa
County
Tuscaloosa
State
Alabama
Latitude
33.191146748383
Longitude
-87.53447455731

FAQs

What type of property is this?
Residential income home - Four Turn-Key Student Rentals, 100% Occupied
Where is the residential income home located?
The property is located at 2110 Forest Lake Dr Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: $699,000 asking price for a four-unit multifamily property.; City water and sewer.; Established turn-key student housing portfolio.
How can I contact the broker?
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2110 Forest Lake Dr
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