Mixed-Use Income Property! Unit 1- Retail storefront + lower level Unit 2- Ground level center office/warehouse Unit 3: Back area with two garage doors Apartment 1: 1 bed/1 bath (renovated) Apartment 2: 2 bedroom/1 bath (renovated) Unit 1 & 2 are currently leased together to one tenant. The property offers multiple income streams- retail, warehouse, garage space, & residential units! Multiple existing cash flows in place with potential value-add opportunity by leasing units 1 & 2 separately.
Now is your chance to own your first rental property or add a cash flowing duplex to your already growing portfolio. Both units remodeled in the last 5 years. New roof installed in 2022 and one HVAC recently installed. One unit is a 2 bedroom/1 bathroom and the other unit has an identical layout but is a massive 1 bedroom/1 bathroom. Move in to one unit and let the other side pay all or most of your mortgage. If you want to get your feet wet with owning rental property, and also use your FHA or VA loan to purchase, this is the one! All information to be verified by purchaser. All tours must be approved by seller and tenants. Pre-approval or proof of funds needed before showings.
Great investment opportunity! Duplex in Tuscumbia, corner lot (409 Jefferson & 401 First St) with oversized level lot. Each unit offers a bedroom, full bathroom, kitchen, living room and large closets. Original hardwood floors (possibly under the kitchen linoleum as well). Both units have a covered porch and a carport. Mature pecan trees on the property. Laundry area is located in the basement - washer & dryer to convey. Insulation re-blown in attic January of 2022. HVAC for Jefferson unit replaced September 2024, Month to month lease with current tenants. Termite bond. This property has so much potential! Call today to schedule a showing and let this be your next project. Buyer to verify all information.
Tuscumbia is located in Alabama. Tuscumbia, Alabama has a population of 8,977. Tuscumbia is more family-centric than the surrounding county with 28.72% of the households containing married families with children. The county average for households married with children is 24.31%.
The median household income in Tuscumbia, Alabama is $42,692. The median household income for the surrounding county is $52,017 compared to the national median of $69,021. The median age of people living in Tuscumbia is 37.1 years.
The average high temperature in July is 89.6 degrees, with an average low temperature in January of 29.2 degrees. The average rainfall is approximately 55.6 inches per year, with 1.8 inches of snow per year.
