210 16Th StTuscaloosa, AL 35401

Property Details for 210 16Th St

Lot size

0.17 AC

Property size (Sq ft)

1,426 SF

Property type

Other multifamily properties

Property subtype

Residential income properties

Description

This exceptional multi-family property at 210 16th Street, Tuscaloosa, Alabama, presents a lucrative investment opportunity. Boasting 1,426 square feet on a 0.17-acre lot, this turn-key rental house is ideally situated in the Forest Lake area, offering unparalleled convenience to the University of Alabama campus. Currently 100% occupied, the property generates a substantial gross annual rent of $18,000. Its consistent occupancy is further enhanced by its proximity to the university, ensuring a steady stream of rental income. The recent completion of the 2nd Avenue flyover bridge significantly improves accessibility and adds considerable value, making this property an attractive prospect for future redevelopment. Preliminary sketches outlining potential redevelopment options are available upon request. This property is being offered at $300,000 and presents a strong investment opportunity. Note that an adjacent property, 202 16th Street, is also available for purchase at the same price, presenting the possibility of acquiring both properties for a larger portfolio. This is a rare chance to acquire a high-performing, well-located investment property with significant upside potential.

Location Insight

City

Tuscaloosa

County

Tuscaloosa

State

Alabama

Latitude

33.1974

Longitude

-87.5383

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