Attention Investors a QuadPlex!!!!! Here's a great opportunity for a cash flowing property in the City of Tuscaloosa. This property has been rented on section 8 and has had other tenants as well. Great opportunity to add to your portfolio of properties or to start a portfolio.
Fully Leased Eight Unit Apartment Complex offered at a 5.0% Cap Rate. Each unit is a 2BR/2BA leased at a below market rate of $1000.00 per month. The brick and hardie-board complex was built in 2008. Eight new HVAC units installed in 2023. Centrally located in Tuscaloosa.
Tuscaloosa is located in Alabama. Tuscaloosa, Alabama has a population of 99,252. Tuscaloosa is less family-centric than the surrounding county with 25.24% of the households containing married families with children. The county average for households married with children is 30.95%.
The median household income in Tuscaloosa, Alabama is $44,880. The median household income for the surrounding county is $57,508 compared to the national median of $69,021. The median age of people living in Tuscaloosa is 29.5 years.
The average high temperature in July is 92 degrees, with an average low temperature in January of 33.8 degrees. The average rainfall is approximately 52.9 inches per year, with 0.2 inches of snow per year.
