For Sale
$629,000

1120 Stewart StOxford, AL 36203

Prime Oxford, AL investment opportunity. High ROI.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 8-unit apartment building, located at 1120 Stewart Street in Oxford, Alabama, presents a compelling investment opportunity. The property boasts a total of 4,482 square feet, situated on a 0.32-acre lot. Constructed in 1970 and extensively renovated in 2023, this two-story, full-brick building is in like-new condition, requiring no immediate maintenance. Each of the eight units features one bedroom and one bathroom, recently updated with new flooring, paint, bathrooms, kitchens, and appliances. The property enjoys a 90% occupancy rate, generating a strong net operating income (NOI) of $48,700, resulting in a 7.74% capitalization rate. All units currently rent for $700 per month, with minimal annual expenses estimated at approximately $1,000. The convenient location adjacent to Oxford High School and Interstate 20 provides excellent visibility and accessibility, further enhancing its investment potential. The property offers paved parking spaces for residents. This fee-simple ownership opportunity is priced at $629,000, representing a price per unit of $78,625 and a price per square foot of $140.34. Its strategic location between Birmingham and Atlanta along I-20 adds to its appeal as a stable and profitable investment. The property's Class B designation reflects its quality and recent renovations. The property's APN is 2109301004157.000.

Highlights

  • 8-unit apartment building in Oxford, AL, offering a strong investment opportunity.
  • 4,482 sq ft building on a 0.32-acre lot, recently renovated (2023).
  • All eight 1-bedroom/1-bathroom units feature updated kitchens, bathrooms, flooring, and appliances.
  • 90% occupancy rate, generating a $48,700 NOI and a 7.74% capitalization rate; $700/month rent per unit.
  • Excellent location near Oxford High School and I-20, with paved parking.
  • Priced at $629,000 ($78,625 per unit, $140.34 per sq ft).

Property Details for 1120 Stewart St

Property type
Apartment buildings
Square Feet
4,482 SF
Class
B
Year Built/Renovated
1970/2023
Buildings
1
Stories
2
Lot Size (sq. ft)
13,939 SF
Units
8

Location Insight

City
Oxford
County
Calhoun
State
Alabama
Latitude
33.608703430186
Longitude
-85.832443829824
1120 Stewart St, Oxford, Alabama

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1120 Stewart St
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