202 16Th StTuscaloosa, AL 35401

Property Details for 202 16Th St

Lot size

0.34 AC

Property size (Sq ft)

2,850 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a two-unit, turn-key rental property portfolio ideally situated in Tuscaloosa, Alabama's Forest Lake area. The portfolio comprises two, two-story single-family homes, totaling 2,850 square feet on a 0.34-acre lot. Each unit commands a price of $300,000, resulting in a total asking price of $600,000. Currently 100% occupied, the property generates a gross annual rent of $34,500, offering immediate cash flow. Its convenient proximity to the University of Alabama campus ensures consistent occupancy. The property's strategic location benefits from the new 2nd Avenue flyover bridge, presenting significant redevelopment potential. Preliminary redevelopment sketches are available upon request. The sale includes two properties located at 202 16th St (APN: 31-07-25-2-003-010.002) and 210 16th St (APN: 31-07-25-2-003-010.001), both in Tuscaloosa, AL 35401. This portfolio is categorized as both a single-family rental portfolio and student housing, making it an attractive investment for various strategies. The price per square foot is $210.53.

Location Insight

City

Tuscaloosa

County

Tuscaloosa

State

Alabama

Latitude

33.1971

Longitude

-87.5381

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