106 Water StTuscumbia, AL 35674

Property Details for 106 Water St

Year built

1991

Lot size

0.19 AC

Property size (Sq ft)

5,724 SF

Property type

Commercial real estate

Description

This 5,724 sq ft commercial building in Tuscumbia, Alabama, presents a compelling investment opportunity. Situated on a 0.19-acre lot at 106 S Water St, the property boasts multiple income streams. The second floor features two apartments: a one-bedroom, one-bathroom unit and a two-bedroom, one-bathroom unit. Post-rehabilitation, these units offer strong rental potential, with estimates of $600 and $750 per month respectively. Additionally, there's an efficiency apartment with a large shop currently rented for $66 per month, with the tenant expressing interest in remaining. A separate shop is also rented at $600 per month, with the tenant willing to renew. Finally, a commercial space currently occupied by "Pop's" is available, featuring a living area, and is at the end of its current lease. The property is being sold "AS IS," and the buyer is responsible for verifying all information. The total potential monthly rental income after renovations is estimated between $3,500 and $4,000. This property offers significant upside for a savvy investor seeking a strong return on investment in a desirable location. The current tenants provide immediate cash flow, while the potential for increased rental income after renovations makes this a truly attractive opportunity.

Location Insight

City

Tuscumbia

County

Colbert

State

Alabama

Latitude

34.732

Longitude

-87.7054

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].