Historic Home with Income
For Sale
Contact for pricing
28 Shoals Blvd, Florence, AL 35630
Multi-unit property with Airbnb income, near college.
Property Size2,800 SF
Price / SF$178.21
Days on Market636
Property Features for 28 Shoals Blvd
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Hospitality, Multifamily
Building Details
Year Built
1898
Listing Agency:
Elysium Commercial Real Estate
Listed By:
James Martinez · License #AL 000116284
Source:
Crexi
Added: Nov 6, 2024
Changed: Jul 10
Last Checked: Aug 4 at 5:58AM
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 Elysium Commercial Real Estate
Investment Insights
Based on property information with market context.
This 2800 square foot property, known as the historic Jackson House, was built in 1898. It is a multi-unit Airbnb property with the potential to be converted into Division 1 college student housing. The property is currently generating an assumed annual net income of $58,000. The guest house is rented out at $1800 per month. The main house is currently rented at $425 per day, but could be stabilized by leasing out the 5 bedrooms individually. The garage is nearing completion and will be converted into a studio apartment. The property is ready to be certified as a historic home, but certification was delayed to allow for renovations.
Key Highlights
- High income potential as a Multi‑unit Airbnb with an 11.6% CAP rate based on current $58,000 annual net income.
- Guest house provides a stable $1800/month rental income.
- Opportunity to stabilize income further by leasing out the 5 bedrooms in the main house.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
391
Businesses Nearby
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Business Placement
Demographics for 35630, AL
32,671
Population
17,371
Households
1.9
Avg Household Size
36
Median Age
28%
College-Educated
89%
High-School Grad
25.3 sq mi
ZIP Area
1,291
Density / Sq Mi
$44,168
Median Household Income
$29,081
Median Earnings
$783
Median Rent
$153,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Multi-unit property with Airbnb income, near college.
Where is this short term rental property located?
The property is located at 28 Shoals Blvd Florence, AL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: High income potential as a Multi‑unit Airbnb with an **11.6% CAP rate** based on current $58,000 annual net income.; Guest house provides a stable **$1800/month rental income**.; Opportunity to stabilize income further by leasing out the 5 bedrooms in the main house.
