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    623 38Th St Tuscaloosa, AL 35405

    Sponsored
    For Sale
    Pending
    $219,900

    MULTI_FAMILY - Tuscaloosa, AL

    Property size:
    2,482 SF
    Days on Market:
    463
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 623 38Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    APN
    31-07-35-4-007-008.000
    Size
    2,482 SF

    Utilities

    Heating system
    Electric (Heating), Central, Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Building materials
    Block, Masonry
    Roof type
    Shingle, Composition

    Harwood Real Estate (205) 242-7104 [email protected]

    Listing agent Bernard Harwood (205) 752-8484

    Listing date Sep 30, 2024

    Overview

    Tuscaloosa Triplex: Investment Opportunity

    This is an investment opportunity featuring a fully occupied triplex. The property consists of three units, each with two bedrooms and one bathroom, totaling six bedrooms and three bathrooms under one roof. Leases are currently in place for all three units. The westerly most unit has been recently remodeled with granite countertops. New refrigerators and stoves have been recently purchased for all units. Each unit includes two dedicated off-street parking spaces. The total gross rents amount to $1850 per month, which is $22,200 annually, representing a 7% Cap Rate. The property size is 2482 square feet and is located in Tuscaloosa, Alabama.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tuscaloosa
    County
    Tuscaloosa
    State
    Alabama
    Longitude
    -87.545653
    Latitude
    33.174179

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    FAQs

    What type of property is this?
    Triplex - Fully occupied triplex in Tuscaloosa with leases in place.
    Where is this triplex located?
    The property is located at 623 38Th St Tuscaloosa, AL.
    What is the asking price?
    The asking price for this property is $219,900.
    What are key features of this property?
    This property features: - 100% Occupied Triplex: Immediate income generation.; - Strong Income: Gross rents of $1850/month ($22,200 annually).; - Three 2-Bedroom Units: Six bedrooms and three bathrooms total.
    (205) 394-8484
    Request Owner's contact information
    623 38Th St Tuscaloosa, AL 35405
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    Tuscaloosa, AL 35405
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    623 38Th St Tuscaloosa, AL 35405
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