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    507 2 Homes Cmns Tuscumbia, AL 35674

    For Sale
    $255,000

    Two homes, great potential, 0.17 acres.

    Property size:
    1,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional investment opportunity presents a package of two homes situated on a 0.17-acre lot in the desirable Tuscumbia, Alabama area. The property is conveniently located at 507 Commons NE, Tuscumbia, and includes an additional address at 2814 14th Ave in Sheffield. The combined square footage of both homes totals 1,000 square feet, offering significant potential for rental income or owner-occupied living. This property is ideal for investors seeking a multi-unit property with established locations. The combined properties offer a unique opportunity to generate income or create a comfortable living space. Buyers are responsible for verifying all information provided. This is a turnkey opportunity for a savvy investor looking to expand their portfolio or enter the market. The property's location offers easy access to local amenities and transportation routes. The combined properties present a solid foundation for a successful investment strategy. The 0.17-acre lot provides ample space for future development or expansion, depending on local zoning regulations. This is a rare opportunity to acquire a multi-unit property in a thriving market. Act quickly to secure this promising investment. All information should be independently verified by the buyer.

    Property Features for 507 2 Homes Cmns

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,000 SF
    Lot Size
    7,405 SF

    Building Details

    Year Built
    1940
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Tuscumbia
    County
    Colbert
    State
    Alabama
    Longitude
    -87.68877
    Latitude
    34.73689

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    FAQs

    What type of property is this?
    Commercial real estate - Two homes, great potential, 0.17 acres.
    Where is this commercial real estate located?
    The property is located at 507 2 Homes Cmns Tuscumbia, AL.
    What is the asking price?
    The asking price for this property is $255,000.
    (256) 757-1918
    Request Owner's contact information
    507 2 Homes Cmns Tuscumbia, AL 35674
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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
    507 2 Homes Cmns Tuscumbia, AL 35674
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