2330 University Blvd | Tuscaloosa, AL 35401
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- LoopNet Team
2330 University Blvd
Tuscaloosa, AL 35401
The Tower Luxury Apartment Homes · Multifamily Property For Sale
·
84 Units
INVESTMENT HIGHLIGHTS
- A+ location at epicenter of Downtown Tuscaloosa. Iconic, eleven-story building with fantastic walkability
- Irreplacable historic asset with modern appointments.
- Includes 24k SF of commercial space. Leases to Trustmark Bank, a law firm, and T-Mobile cell tower on roof
- Top performing multifamily property in Tuscaloosa. Market rents are $1.90psf, trending to $1.99psf; occupancy is 96%
- Untapped Revenue Potential. The building includes ~14k SF of undeveloped space on the ground and basement levels that could be developed
PROPERTY FACTS
| No. Units | 84 | Lot Size | 0.24 AC |
| Property Type | Multifamily | Building Size | 71,448 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Mid-Rise | No. Stories | 11 |
| Building Class | B | Year Built/Renovated | 1925/2015 |
| Zoning | BC | ||
| No. Units | 84 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.24 AC |
| Building Size | 71,448 SF |
| Average Occupancy | 100% |
| No. Stories | 11 |
| Year Built/Renovated | 1925/2015 |
| Zoning | BC |
AMENITIES
UNIT AMENITIES
- Washer/Dryer
- Hardwood Floors
- Stainless Steel Appliances
- Views
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Elevator
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 8 | - | - |
| 1+1 | 47 | - | - |
| 2+2 | 29 | - | - |
| 3+2 | 1 | - | - |
| 3+3 | 1 | - | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,986,220 | |
| Land Assessment | $31,560 | Total Assessment | $2,017,780 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$31,560
Improvements Assessment
$1,986,220
Total Assessment
$2,017,780
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