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1021 Queen City Ave - Queen City Duplex 2 Unit Apartment Building Offered at $1,200,000 at a 7.20% Cap Rate Tuscaloosa, AL 35401
Executive Summary
Property is currently leased through July 2027. It has remained occupied with zero vacancy the last 5 years. Seller is willing to credit a new buyer with a fresh roof with a successful offer. Property will stay rented with students due to proximity to the University of Alabama Campus. A rare find!
Property Facts
| Price | $1,200,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $600,000 | Building Size | 4,265 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 7.20% | No. Stories | 2 |
| No. Units | 2 | Year Built | 1850 |
| Property Type | Multifamily |
| Price | $1,200,000 |
| Price Per Unit | $600,000 |
| Sale Type | Investment |
| Cap Rate | 7.20% |
| No. Units | 2 |
| Property Type | Multifamily |
| Apartment Style | Single-Family Home |
| Building Size | 4,265 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1850 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 8+4 | 2 | $3,600 | - |
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Fairly walkable
50/100
Very drivable
80/100
Minimal public transit
10/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 31-06-23-3-003-002.000 | Improvements Assessment | $94,280 |
| Land Assessment | $14,240 | Total Assessment | $108,520 |
Property Taxes
Parcel Number
31-06-23-3-003-002.000
Land Assessment
$14,240
Improvements Assessment
$94,280
Total Assessment
$108,520
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1021 Queen City Ave - Queen City Duplex