105 39th Street E, Tuscaloosa AL 35405

Multi-Family for Sale
Catylist Listing ID: 30779266
Number of Units: 10 Units
Building Size (RSF): 8,610 SF
Gross Building Area: See Agent
Sale Price: $699,900
Unit Price: $69,990 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: Ridgewood Apartments
Sale Terms: Cash to Seller, Purchase Money Mortgage, Other
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Gross Rent Multiplier: 65,580
Last Updated: 1/17/2022

Overview / Comments

Updated 10 Unit Apartment Complex in Central Tuscaloosa. All 2 bed 1 bath units. New Roof in 2018 and units have been updated as they have turned over with new counter tops, laminate or LVP flooring, new light fixtures, and new paint. 6 of 10 units have been updated. Others are long term tenants. Multiple AC systems have been replaced in last 3 years. Fully leased and rents range from $525- $575 for a total rent roll of $5,465 per month.

Additional Details

Nearest MSA: Tuscaloosa
County: Tuscaloosa
Taxing Authority: City of Tuscaloosa
Tax ID/APN: 3107363017005000
Percent Occupied: 100%
Highway Access: Greensboro to 39th.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1970
Construction/Siding: Brick
Parking Type: Surface
Laundry: Laundromat Nearby
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Package Unit
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,466 67,434 108,128
Median Age: 27.32 28.6 30.55
Households: 4,944 26,898 43,415


Photograph of Listing Agent

Richard Henry

Druid City Properties Gulf Coast CMLS Member
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