$425,000
$444,000
4.3%For more information regarding the value of a property, please contact us for a free consultation.
109 W 6th Street Tuscumbia, AL 35674
4,356 Sqft Lot
Key Details
Sold Price $425,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Subdivision Metes And Bounds
MLS Listing ID 1137269
Sold Date 09/09/20
HOA Y/N No
Originating Board Valley MLS
Year Built 2004
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 29 x 137
Property Description
This property is a great income producer! Listed at 8% CAP, it is one of the few left listed at the national market rate. First floor is retail, and top 3 floors are loft apartments. Rents are leased out below Market Rent value, which means there is an immediate room for growth in rent rate. No rehab needed. Downtown Tuscumbia is a great place to invest into, especially for these lofts and retail store. For your loft tenants, They are literally a walk away from everything Tuscumbia has to offer. Private elevator access for the loft tenants, with private parking for them in the back away from the main street.
Location
State AL
County Colbert
Direction Turn Right Onto Woodmont From Alt Hwy 72. Go Up To 6th St And Turn Left. It Is White Story Building On The Right.
Interior
Interior Features Elevator
Heating Central
Cooling Central Air
Fireplace No
Appliance Dishwasher, Gas Water Heater, Refrigerator, Oven, W/D Hookup
Exterior
Exterior Feature Balcony, Sidewalks
Utilities Available Underground Utilities
Porch Covered Deck, Deck, Patio
Parking Type Parking Lot, Off Street, On Street, Private, Public
Total Parking Spaces 6
Building
Sewer Public Sewer
Water Public
New Construction Yes
Schools
Elementary Schools Trenholm
Middle Schools Deshler
High Schools Deshler
Others
Tax ID 1302043004032000
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Copyright
Based on information from North Alabama MLS.
Bought with Engel & Volkers Lauderdale
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