8-Unit Apartment
For Sale
$1,675,000
2019 Hackberry Ln, Tuscaloosa, AL 35401
Interior finishes include granite counters, stainless steel appliances, crown molding, and step-up bedroom ceilings.
Property Size9,560 SF
Price / SF$175.21
Days on Market11
Property Features for 2019 Hackberry Ln
General Information
Standard status
Active
Size
9,560 SF
Property subtype
Residential Income
Units
Unit Mix
7 x 2BR/2BA, 1 x 3BR/2BA
Multifamily Units
8
Additional Details
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$9,387
Listing Agency:
Keller Williams Tuscaloosa
(205) 759-3400
Listed By:
John Randall · License #118593705
(205) 393-1166
Source:
Exprealty
Added: Oct 20
Changed: Oct 29
Last Checked: Oct 28 at 3:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Tuscaloosa
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Investment Insights
Based on property information with market context.
This 8-unit apartment building contains seven 2-bedroom, 2-bath units and one 3-bedroom, 2-bath unit. Interiors feature granite countertops, stainless steel appliances, crown molding, and bedrooms with step-up ceilings. Sprinkler systems are installed in the units.
The property is located near The University of Alabama at 2019 Hackberry Ln in Tuscaloosa, Alabama. Its unit mix and interior features define the physical configuration of the complex.
The property is located near The University of Alabama at 2019 Hackberry Ln in Tuscaloosa, Alabama. Its unit mix and interior features define the physical configuration of the complex.
Key Highlights
- Eight apartments: seven 2‑bedroom, 2‑bath units and one 3‑bedroom, 2‑bath unit
- Granite countertops and stainless steel appliances
- Crown molding and step‑up bedroom ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,531
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,550,620
$1.6M
Cap Rate 7%
$1,107,586
$1.1M
Cap Rate 9%
$861,456
$861.5K
Market Conditions
NOI Build-Up for 9,560 SF
Gross rent
$150.3K $15.72/SF
− Vacancy
−$9.3K −$0.97/SF
EGI
$141.0K $14.75/SF
− OpEx
−$63.4K −$6.64/SF
NOI
$77.5K $8.11/SF
Area
Tuscaloosa, AL
Vacancy
6.20%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,550,620
Cap Rate 7%
$1,107,586
Cap Rate 9%
$861,456
Alternative Uses
Best Use
Apartment 5plus
$1.11M
$969.1K – $1.29M
NOI $77,531 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.30M
$2.01M – $2.68M
NOI $160,814 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
8
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
498
Businesses Nearby
Explore this area
Business Placement
Demographics for 35401, AL
41,852
Population
19,517
Households
2.1
Avg Household Size
26
Median Age
27%
College-Educated
85%
High-School Grad
40.1 sq mi
ZIP Area
1,044
Density / Sq Mi
$30,031
Median Household Income
$13,041
Median Earnings
$911
Median Rent
$141,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Interior finishes include granite counters, stainless steel appliances, crown molding, and step-up bedroom ceilings.
Where is this apartment building located?
The property is located at 2019 Hackberry Ln Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: Eight apartments: seven 2‑bedroom, 2‑bath units and one 3‑bedroom, 2‑bath unit; Granite countertops and stainless steel appliances; Crown molding and step‑up bedroom ceilings
