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Listed by Judy Young • The Agency On Pine
$ 4,300,000
Est. payment /mo
New
525 Lelia St #E Florence, AL 35630
1,089 SqFt
UPDATED:
02/25/2025 08:13 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 1,089 sqft
Price per Sqft $3,948
MLS Listing ID 2795734
Property Sub-Type Mixed Use
Property Description
Great investment opportunity in Northwest Alabama. 31 single family homes and 2 duplexes in Florence and Muscle Shoals area. Gross annual rent is $427,932. Cap rate 8.52%. Most homes have been renovated within the past two years. Homes are in great locations with high rental demand. All properties including lease amount, bedroom/bath/sq footage, parcel #, & legal description are listed on an attachment in the document section =. To view properties a sales agreement contract must be signed with proof of funds received. Contract may be contingent on satisfactory showing. A 48 hour notice is required to tenants before showings, inspections, etc.. All homes/duplexes must be sold together.
Location
State AL
County Lauderdale County
Zoning Residentia
Interior
Fireplace N
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